Internet of Things (IOT)
Internet of Things is not one market but a set of overlapping markets with strong connections to data and analytics. Monetizing and tapping into the petabytes of unstructured flood of information generated by the IOT requires a well-executed strategy and actionable methods that creates value.
Qualcomm (QCOM) made two significant announcements at the recent CES event: Enhance its Qualcomm Network IOT Connectivity Platform to allow network devices to simultaneously use Wi-FI, Bluetooth, CSRmesh connectivity and low-rate wireless personal area networks (LR-WPANs) or 802.15.4 and enhancements to its Wi-Fi Self Organizing Network (SON) solution for management of distributed wired and wireless networks. How to they impact IoT market....
IOT connections are expected to triple by 2020 creating a multi-billion-dollar industry that will need an inexpensive, reliable, and low speed network. AT&T (NYSE:T) is estimated to have 29 million connected devices on its network and it planning to shut down its 2G network by the end of 2016. The will create opportunities for T-Mobile (NASDAQ:TMUS). Why?
More and more devices will be Internet-connected, driving the revolution of online data to an entirely new level. Based on analyst and vendor estimates there will be 20 - 200 billion connected devices by 2020. Internet of Things (IoT) devices will generate 5 trillion gigabytes of data every year, creating revenue opportunities of more than $300 Billion for technology vendors, telecommunication providers and device makers. The total IoT opportunity is expected to exceed $1.4 trillion by 2017.