The market for wearable devices is absolutely on fire. Case in point, the global wearables market grew 67% during the first quarter of 2016, according to researcher IDC. Predictably, tech investors are busy searching for the top wearables companies to add to their portfolios. So, which companies are churning out the tech wearables consumers want the most? Let’s quickly review which companies dominate wearable tech today.
The Internet of Things has brought a mix of excitement and confusion to field service. But through it all — the warnings, the hype, the predictions, the promises — is a consistent message for service leaders: Big changes are coming. Don’t risk getting left behind.Joe Barkai, a longtime analyst (formerly VP of research at IDC) helps companies figure out what, exactly, not “getting left behind” means. “Service has been the Rodney Dangerfield within many companies,” Barkai says. “It never got any respect.”But the IoT is helping to change that reputation. We sat down with Barkai to talk about how organizations can capitalize on the IoT excitement in service.
The Internet of Things (IoT) — which includes connected devices like wearables, smart appliances, and connected cars — is widely expected to become the next major growth market for the tech industry. Research firm IDC estimates that the global IoT market will grow from $656 billion in 2014 to $1.7 trillion in 2020.
Hype or no hype, the Internet of Things (IoT) is already affecting the technology strategies of enterprises.In a survey of 2,350 enterprise decision makers from International Data Corporation (IDC), 73 percent the respondents said they had already deployed IoT solutions or are planning to deploy them within the next 12 months. A total of 2,350 respondents were polled by IDC for the study.
Smart cities are all the rage when it comes to urban development projects driven by the dynamic growth in the devices and infrastructure that enable the Internet of Things (IoT).What once started with only a handful of cities implementing various urban improvement pilot projects is expected to explode. According to Gartner, smart cities will use 1.1 billion connected “things” in 2015, rising to 9.7 billion by 2020. Meanwhile, IDC projects that spending on connected devices and the services to support them will reach $1.7 trillion by the year 2020.
“So, how real is this Internet of Things opportunity anyway?”It’s a question that many solution providers are asking as the buzz continues to mount and the projections continue to rise. The figures are staggering: Gartner says there will be 25 billion connected “things” in use by 2020; IDC predicts the market will hit $7.1 trillion by 2020 and Cisco Systems says $19 trillion of cost savings and economic benefits will be driven by IoT.
IDC discussed The Internet of Things Mid-Year Review at a webinar on July 23, including findings from a survey of 3,566 companies in North America. IDC defines IoT as “a network of uniquely identifiable ‘things’ that communicate without human interaction using IP connectivity.” Tata Consulting Services (TCS) issued a report titled The Internet of Things: The Complete Reimaginative Force, based on a survey of 3,764 executives worldwide. TCS defines the IoT as “smart, connected products.”
Amazon (NASDAQ:AMZN) is already the largest e-commerce site in the world by overall visitors. However, the company’s ambitions extend far beyond selling physical and digital products — it wants to expand into the growing Internet of Things market.
The Internet of Things, or IoT, connects everyday devices like home appliances, smartwatches, and cars with each other and the cloud. Networking giant Cisco estimates that the total number of connected devices worldwide will double from 25 billion this year to 50 billion by 2020. Research firm IDC estimates that annual spending on IoT devices and services will surge from $656 billion in 2014 to $1.7 trillion in 2020.
Intelligent devices and their ever-growing network encompassing our daily lives have emerged as a Utopian idea for our tech-savvy generation. As predicted by research firm IDC, by 2020 there will be over 28 billion objects with data exchange capabilities. Internet of Things (IoT) is already on its way to become the next big tech trend. Its enormous growth rate can be understood from a report by Gartner Inc. indicating that the use of IoT devices in 2015 was up by 30% from 2014.Furthermore, according to IDC predictions, the IoT market will hit $7.1 trillion by 2020.
Analyst firm IDC predicts that the number of Internet of Things (IoT) devices—from home appliances to commercial applications such as door locks and sensors—will grow into a $7.1 trillion market by 2020, compared to $1.9 trillion in 2013.This rapidly growing market is giving rise to a land grab of sorts: companies are vying to build the one IoT platform that will link all devices, and by linking them make them “smarter” as they communicate with one another.