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BII
Estimates for Internet of Things or IoT market value are massive, since by definition the IoT will be a diffuse layer of devices, sensors, and computing power that overlays entire consumer, business-to-business, and government industries. The IoT will account for an increasingly huge number of connections: $4That year, combined>$4.
$4, we look at the transition of once-inert objects into sensor-laden intelligent devices that can communicate with the other gadgets in our lives. In the consumer space, $4, including kitchen and home appliances, lighting and heating products, and insurance company-issued car monitoring devices that allow motorists to pay insurance only for the amount of driving they do.
Here are the top business-to-business and government applications:
- $4 Cisco believes that this category (think Internet-connected billboards) will be one of the top three IoT categories, along with smart factories, and telecommuting support systems.
- Intelligent traffic management systems.>$4 Machina research, in a paper prepared for the GSM Association, sees $100 billion in revenue by 2020 for applications such as toll-taking and congestion penalties. A related revenue source will be smart parking-space management, expected to drive $30 billion in revenue.
- $4. In Cincinnati, residential waste volume fell 17% and recycling volume grew by 49% through use of a "pay as you throw" program that used IoT technology to monitor those who exceed waste limits.
- Smart electricity grids that adjust rates for peak energy usage.>$4 These will represent savings of $200 billion to $500 billion per year by 2025, according to the McKinsey Global Institute.
- $4.$4The cities of Doha, Sa~o Paulo, and Beijing have reduced leaks by 40 to 50% by putting sensors on pumps and other water infrastructure.
- $4 including Internet-managed assembly lines, connected factories, and warehouses, etc.
The report is full of charts and data that can be easily downloaded and put to use.
In full, the report:
To access BI Intelligence's full report, Here Comes The Internet Of Things>$4, sign up for $4. Subscribers also gain access to over 100 in-depth reports on social and mobile, and $4.