Enterprise Leads the 'Internet of Things' Growth

Keith Kohl

Written By Keith Kohl

Posted July 2, 2015

Business Insider released a report on the future of the Internet of Things (IoT) market that focused on three main IoT sectors: enterprise, home, and government.

Enterprise will be the top investor in this growing technology, including industries like manufacturing, transportation, utilities, and construction.

Manufacturing

According to the report, manufacturing is expected to be at the top of industry investments, due to the strong support of our previous assertions that such large industries will fuel major growth in the Internet of Things. In fact, manufacturers are expected to spend an estimated $140 billion over the next five years.

Moreover, there are expected to be an estimated 23.3 billion IoT devices in use by 2019, with 9.1 billion – or 40% – being used in the enterprise industry.

To put that into perspective, the IoT market is slated to outgrow both the smartphone and tablet markets combined!

And to break it down further, the report suggests that the IoT software will be more lucrative than the hardware for providers. This may be because one of the main concerns for this market is vulnerability to cyber attacks. So as you might’ve guessed, any providers who can protect against such invasions will be extremely profitable once the Internet of Things expands towards its full potential.

To continue reading…

Click here to read the Business Insider article.

Angel Publishing Investor Club Discord - Chat Now

Keith Kohl Premium

Introductory

Advanced

Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.