As 2014’s IoT/Internet of Things comes to a close and we welcome 2015, let’s take a quick look at the fast arriving IoE/Internet of Everything…
What are the most popular Internet of Things apps right now, Q1 2015
Courtesy of IoT Analytics:
The data bits follow us… we’ve our smart devices, smartphones, smart watches, wearable tech, our new ‘smart’ homes with smart appliances, and cars w/ computer ‘brains’, and all our mHealth devices and electronic health records, and purchasing history, and browsing patterns, and well, just about everything we do is becoming connected to an Internet of Everything — with an IoT and M2M and more that goes into and beyond ‘the Cloud’…
Let’s look at predictions of growth of the “3rd Wave” of the Internet in the form/function of embedded chips and sensors communicating and networking — an Internet of Things that’s becoming an Internet of Everything… ‘Smart’ intelligent systems linking. interactively connecting, acting…
The Connected Life
An Internet of Things/IoT — Internet of Everything/IoE
- Smart – Sensing – Learning – Evolving
Quick-predictions (alphabetical by company forecaster):
BusinessInsider / Dec 2014 http://www.businessinsider.com/the-enterprise-internet-of-things-market-2014-12
The enterprise arena will be the largest IoT device market. There will be a total of 23.3 billion IoT devices connected by 2019 across all sectors. The enterprise sector will account for 39% of the roughly 23 billion active IoT devices we expect by the year 2019.
The primary barriers to installing the IoT within businesses include the high costs for installation and increasing vulnerability to a cyber attack.
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Companies and Markets/2012
Internet of Things & M2M Markets: Worldwide Market Forecasts 2012-2017
“The internet of things and machine to machine communications sectors are projected to be the fastest growing technology segments of the Information Technology (IT) sector in the next 3 to 5 years, with a significant potential investments from companies to secure their computing environment.
IoT & M2M communication market in 2011 was worth $44.0 billion, and is expected to grow $290.0 billion by 2017. It is expected to have an increasing CAGR of 30.1% from 2012 to 2017.
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“Cisco predicts that the IoE Value at Stake will be $14.4 trillion for companies and industries worldwide in the next decade.” http://www.cisco.com/web/about/ac79/docs/innov/IoE_Economy.pdf
“In a world of exponential technology, things can move faster than our linear brains can fathom. If the number of connected things grew at twice Cisco’s predicted annualized rate, we’d have 223 billion connected things, or 12% of the total, by 2020. At a little less than quadruple Cisco’s forecast, we’d be talking 1.5 trillion connected things, or 82% of the total, by the end of the decade.” – Singularity Hub
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Connected Living News/GSMA http://www.gsma.com/connectedliving/
The Connected Life: A USD 4.5 trillion global impact in 2020
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Intel: A guide to the Internet of Things http://www.intel.com/content/www/us/en/internet-of-things/infographics/guide-to-iot.html
“Intel calls this the Embedded Internet, a network space where billions of intelligent embedded devices will connect with larger computing systems, and to each other, without human intervention. In support of this concept, John Gantz of IDC forecasts 15 billion devices will be communicating over the network by the year 2015″
“Our IoT world is growing at a breathtaking pace — from 2 billion objects in 2006 to a project 200 billion by 2020”
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Internet of Things World Forum/Dec 2014
Big Data is key –
Within the next five years, more than 90% of all IoT data will be hosted on service provider platforms as cloud computing reduces the complexity of supporting IoT “Data Blending”
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“The vision of more than 50 billion connected devices will see profound changes in the way people, businesses and society interact. With ubiquitous mobile broadband-enabled internet access, connectivity and networking are becoming completely independent of location. combined with falling prices for communication modules, connectivity services and embedded computing, the drivers for new services and functionality – broadband ubiquity, cost of connectivity, and openness and simplicity – will lead to more efficient business models and improved lifestyle for individuals and society. We are already heading full-speed towards connectivity for everyone.”
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“Estimates of the future market size of the Internet of Things cover a broad range, but most pundits agree it will dwarf any other market. In mature markets today, the ultimate, pervasive consumer device is a mobile phone. Consider your own household, and count the number of mobile phones you currently have. Then count the number of windows, doors, electrical outlets, lights, appliances and heating and AC units you have. You’ll quickly see why the IoT market will surpass the mobile phone market, at least in the western world.”
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The Internet of Things, Worldwide Forecast
“The Internet of Things will include 26 billion units installed by 2020. IoT product and service suppliers will generate incremental revenue exceeding $300 billion, mostly in services, in 2020.
It will result in $1.9 trillion in global economic value-add through sales into diverse end markets.”
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The Industrial Internet – Minds & Machines http://files.gereports.com/wp-content/uploads/2012/11/ge-industrial-internet-vision-paper.pdf
“To appreciate the scale of the opportunity of the Industrial Internet it is useful to first scale the global industrial system. How big is this system? The simple answer is very big. However, there is no single simple measure. We therefore suggest three different perspectives: economic share, energy requirements, and physical assets in terms of machines, facilities, fleets and networks.
The compounding effects of even relatively small changes in efficiency across industries of massive global scale should not be ignored. As we have noted, even a one percent reduction in costs can lead to significant dollar savings when rolled up across industries and geographies. If the cost savings and efficiency gains of the Industrial Internet can boost US productivity growth by 1-1.5 percentage points, the benefit in terms of economic growth could be substantial, potentially translating to a gain of 25-40 percent of current per capita GDP. The Internet Revolution boosted productivity growth by 1.5 percentage points for a decade—given the evidence detailed in this paper, we believe the Industrial Internet has the potential to deliver similar gains, and over a longer period.”
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Smart Systems Forecast Report
It’s not a hardware world anymore: Service Revenues for the IoT will reach $500 Billion by 2018, dwarfing the $33 Billion in revenue expected from devices in 2018.
The intersection of Information and Communications Technology (ICT) and device connectivity creates value at two disparate ends of the business spectrum. New IT technologies like cloud computing are moving to the enterprise and rapidly being embraced. Managed IT services will increasingly dominate ICT systems and networked services development. At the other end of the spectrum, the rise of the machine-to-machine (M2M) and the “Internet of Things” has helped transform product companies into value-added service companies. Manufacturers are learning that by putting products on networks they are essentially placing themselves into continuous contact with their customers, thereby enabling them to better understand their customer’s needs and act appropriately.
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M2M World Conference/2015 http://www.m2mconference.com/
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“We estimate the potential economic impact of the Internet of Things to be $2.7 trillion to $6.2 trillion per year by 2025 through use in a half-dozen major applications that we have sized. The largest impacts among sized applications would be in health care and manufacturing. Across the health-care applications we analyzed, Internet of Things technology could have an economic impact of $1.1 trillion to $2.5 trillion per year by 2025.”
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MIT Technology Review – http://www.technologyreview.com/collection/the-connected-life/
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Postscapes/Dec 2013 http://postscapes.com/internet-of-things-resources/
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