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Jeremy
Jeremy
12/13/2016 7:05:46 AM
User Rank
Blogger
Re: predictions
I think ARM may've actually won the numbers game on that front - they announced 1 trillion connected devices, within the next few years I believe: http://www.iotworldnews.com/author.asp?section_id=495&doc_id=728487

It's certainly difficult to know which stats to believe, particularly when the definition of what is an "IoT" or "connected" device can often be quite arbitrary. That's never more apparent than when you start trying to compare the statistics provided by different research companies!

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Ariella
Ariella
12/12/2016 2:05:38 PM
User Rank
IoT Visionary
Re: Revenue Breakdown
@dcawrey certainly, they are on the road to changing the way we shop, particularly if Amazon's experiment in having people check out without having to go to a check out machine or cashier proves successful. 

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dcawrey
dcawrey
12/7/2016 9:32:32 PM
User Rank
IoT Mover & Shaker
Re: Revenue Breakdown
Sensors are really going to change the way we live life. 

It might not seem like it right now, but it's not difficult to imagine the benefits. From safety to security to efficiency, it's going to create massive improvements in the way we live. 

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Ariella
Ariella
12/7/2016 1:09:50 PM
User Rank
IoT Visionary
Re: Revenue Breakdown
@afwriter good point. Some sensors are actually designed to be disposable, particularly any of the kind that are worn directly on the body rather like an adhesive bandage. Others may just break down just like light bulbs (some of which may have sensors built into them) do in part to keep the market going.

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afwriter
afwriter
12/6/2016 11:46:41 PM
User Rank
IoT Visionary
Revenue Breakdown
It would be interesting to see how much of that $162.36 billion projection is first time deploement and how much is replacing broken or obsolete sensors. 

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DHagar
DHagar
12/6/2016 8:47:13 PM
User Rank
IoT Visionary
Re: predictions
@Ariella, I agree with you that there continue to be wide-ranging numbers as to the revenue streams and market size. 

I believe it might be to the variables in how they are defining which industries will use and apply IoT and the inclusion of specific industries creates a different market size and impact.

Actually, I don't know how you can accurately predict the IoT applications within any one market.  I believe it will be ubiquitous and be like electricity - different uses in different industries.

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Ariella
Ariella
12/6/2016 9:05:26 AM
User Rank
IoT Visionary
predictions
Lately I've been seeing lots of different numbers, and I wonder if they're using different data or different modeling techniquest to arrive at these different amounts. The Register recently ran this: http://www.theregister.co.uk/2016/11/11/iot_hype_bubble_report_idtechx, which references a report by analysts IDTechEx.

While spending on IoT runs to "billions yearly", the cost of buying and installing actual IoT networks "is much more modest, contrary to heroic forecasts made by most analysts and manufacturers in the past", say the report's authors.

Pouring undisguised scorn on the infamous "50 billion IoT devices by 2020" claim originally made by Ericsson CEO Hans Vestberg back in 2010, the Internet of Things 2017-2027 report states: "Ironically, even our forecasts (that have been lower than the herd view) have needed to be revised down in this report in the light of an ongoing paucity of installations."

The report predicts the IoT as a whole (including software and system integration efforts) will be worth $322bn by 2027, exploding from $1bn next year to $73bn by 2018. The number of devices will, they say, barely break one billion by 2020.

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