As Cisco Systems closes its $1.4 billion acquisition of Internet of Things provider Jasper Technologies and AT&T creates an IoT Control Center for solution providers, it’s clear that IoT will have a major impact on the channel this year.The pace of new technologies, strategic partnerships and acquisitions in the growing IoT space is enough to make your head spin. Research firm Gartner said 6.2 billion connected “things” will be used this year, up 30 percent from 2015. IoT services spending will rise to $235 billion in 2016, an increase of 22 percent over 2015, according to Gartner, leading to a massive amount of opportunities for solution providers.Here are eight important moves in the IoT space in 2016 thus far that solution providers need have on their radar.
The Internet of Things is about to get a whole lot bigger, according to the latest forecast from technology market research firm Gartner.In 2016, the IoT will grow at a rate of 5.5 million ‘things’ each day, encompassing a total of nearly 6.4 billion connected devices, a 30 percent gain over this year’s expected total of 4.9 billion devices. By 2020, that figure will shoot up to 20.7 billion units.IoT services spending will jump 22 percent next year, reaching $235 billion. “IoT services are the real driver of value in IoT, and increasing attention is being focused on new services by end-user organizations and vendors,” said Gartner vice president Jim Tully in a statement.
The report predicted the use of wearable devices to passively supply data to control smart home devices will emerge as a key use case towards 2020.Consumer spending on smart home services, including entertainment, health, energy and home automation will reach $100 billion by 2020, well over twice the estimated spending for this year, at $43 billion, according to a Juniper Research report.
The companies building products for the smart home show a shocking lack of respect for the consumer they hope to buy into the idea.The smart home has a problem. While people are interested in the technology, they also aren’t ready to buy it. And I don’t blame them. A lack of standards, a disregard for usability, and an incoherent story about what a smart home can do for people all mean that anyone interested in buying a connected product quickly encounters a cautionary tale that makes them think twice about spending $200 on a connected door lock.
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.
The U.S. government is finally getting serious about upgrading the country’s crucial energy and electric infrastructure. A new first-of-its-kind report, known as the Quadrennial Energy Review, issued by a White House task force in late April, has identified the need to spend billions on replacing aging gas pipelines and modernizing the power grid.The sheer magnitude of the spending required should boost regulated gas and electric utilities’ earnings since they’re essentially guaranteed a rate of return on such investments. And higher earnings not only lead to share-price appreciation, they also eventually flow through to the dividend.
When it comes to the connected home, the wireless industry is getting mired in discussions about standards and infrastructure instead of spending time making the concept easy for consumers to deploy and understand. That was the key message from panelists at the FierceWireless executive luncheon on the “Connected Home: A proving ground for the Internet of Things,” held here at Mobile World Congress.
SmartThings CEO and founder Alex Hawkinson said that his company struggles with “creating experiences that are simple … How do you retain openness and drill down and make it accessible to consumers?”
The government is spending far too little money on energy research, putting at risk the long-term goals of reducing carbon emissions and alleviating energy poverty, some of the country’s top business leaders found in a new report.
The American Energy Innovation Council, a group of six executives that includes the Microsoft co-founder Bill Gates and the General Electric chief Jeffrey R. Immelt, urged Congress and the White House to make expanded energy research a strategic national priority.
Clean energy investment is rising again after three years of steady declines in the sector. The world spent $310 billion last year on solar and wind power, electric cars and energy efficiency and storage, up 16 percent from the previous year, according to Bloomberg New Energy Finance.
China led the spending surge, accounting for more than a fourth of the global total. Chinese investment jumped by 32 percent, to $89.5 billion, thanks to heavy government spending on its solar and wind power sectors, part of a broader effort to diversify China’s energy supplies and reduce pollution from coal-fired power plants. The government aims to get 11.4 percent of its electricity from renewable supplies by the end of this year, a target China seems on track to meet.
The results of a partnership between Duke Energy, Ford and Siemens testing home EV charging technology are in. The 18-month long pilot with Ford and Duke Energy in Erlanger, Kentucky, showed how EV charging solutions are helping homeowners better understand how much they are spending to charge their EVs and how they can manage their energy usage better from the comfort of their home.