The Internet of Things Is Poised to Change Everything – IDC.

Xbitlabs ^ | 10/03/2013 11:10 PM | Anton Shilov

[Ernest_at_the_Beach]

IoT to Generate Global Revenue of $8.9 Trillion by 2020

The Internet of Things (IoT) represents a new construct in the information and communications technology (ICT) world that is occupying the minds of IT vendors, service providers, and systems integrators as it represents huge potential for new streams of revenue and new customers.

The ongoing development of smart cities, cars, and houses; enhanced connectivity infrastructure and increasingly connected culture are just some key enablers to the rise of IoT. In fact, Internet of Things is not something that is coming, but something that has already been partly implemented, but will continue to grow at a rather rapid pace.

International Data Corporation (IDC) has looked at the components, processes, and supporting IT and connectivity for the Internet of Things and expects IoT technology and services spending to generate global revenues of $4.8 trillion in 2012 and $8.9 trillion by 2020, growing at a compound annual rate (CAGR) of 7.9%.

"The momentum of the Internet of Things is driven by a number of factors. There is no doubt that business and consumer demand exists and will continue to expand for IoT solutions. I expect the current IoT use cases are just the tip of the iceberg," said Vernon Turner, senior vice president of IDC's enterprise infrastructure, consumer, network, telecom, and sustainability research.

[dfwgator]

Interestingly enough the Java language was originally designed to have an embedded system in.....toasters.

[maine-iac7]

Agenda 21 by any other name -
‘twould smell the same

[Durus]

That makes a lot of sense if you think about it.

[BRK]

Skynet....

[Delta Dawn]

and the gov will have a backdoor into every device