IoT vertical markets: Trends in 4 key sectors

Alexandra Rehak - July 27, 2017 - Internet of Things Institute
URL 5 Min

Analysis from Ovum maps out trends and recommendations around 4 key IoT vertical markets: connected cars, smart homes, smart cities and insurance. This year will bring important IoT advancements in a number of industry vertical markets, including some that up until now have been more in the “IoT development” phase. While organizations within early-adopter industries (for instance, manufacturing and logistics, fleet management, and utilities) have already started to realize significant cost savings and efficiency impact from machine-to-machine (M2M) deployment, IoT initiatives and impact are now gaining momentum in a number of other verticals. Below we examine upcoming trends, and opportunities, for four of these IoT vertical markets: connected and autonomous cars, the smart home, smart cities, and insurance services.

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