Five predictions for IoT in the next 12-18 months

August 21, 2017 - IoT Business News
URL 2 Min

The Internet of Things (IoT) market is poised for rapid growth with the development of microelectronics, ubiquitous connectivity, and cognition. Due to the abundant opportunities for vendors and service providers across all levels of the IoT ecosystem, enterprise systems integrators and platform vendors have a promising future. In the consumer space, Amazon, Google, Apple, Samsung, and Microsoft have intensified efforts to dominate the personal assistance race to control homes and the profitable consumer IoT and artificial intelligence sector. To succeed in a highly fragmented market, consolidation will be essential with vendors and service providers coalescing around large enterprise platforms that provide the necessary building blocks and encourage the development of applications from smaller vendors.

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