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How Technology Players are Acting on IoT

How Technology Players are Acting on IoT

IoT is advancing at a tremendous rate and it is projected that 50 billion devices would be connected with the internet by 2020 as per CISCO, with an economic impact of nearly $2 trillion (as per Gartner). Key IoT enablers are lowering cost of sensors, computing & bandwidth, pervasive connectivity, cloud computing and big data. However, there are challenges and roadblocks like security, data privacy & data ownership for the growth of IoT. By seeing M&A and other market trends, it is very clear that technology giants would want to increase their footprints by giving end-to-end IoT ecosystem – device connectivity, gateways and data platform IoT application enablement platforms.

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