Internet of Things (IoT) is on a fast-growth path. We take a look at the 25 IoT companies to watch in 2015.
Unlike machine to machine (M2M) solutions, the Internet of Things (IoT) provides an advanced level of connectivity to devices. IoT is the present and the future of all the devices that are connected to the Internet. Gartner says that about 3.9 billion connected things were in use in 2014 and the number is predicted to rise to 25 billion by 2020. Gartner estimates that IoT will support total services spending of $69.5 billion in 2015 and $263 billion by 2020.
“The digital shift instigated by the Nexus of Forces (cloud, mobile, social and information), and boosted by IoT, threatens many existing businesses. They have no choice but to pursue IoT, like they’ve done with the consumerization of IT,” said Jim Tully, vice president and distinguished analyst at Gartner.
“The number of connected intelligent devices will continue to grow exponentially, giving ’smart things’ the ability to sense, interpret, communicate and negotiate, and effectively have a digital ‘voice’,” said Mr. Prentice. “CIOs must look for opportunities to create new services, usage scenarios and business models based on this growth,” said Steve Prentice, vice president and Gartner Fellow.
Please see the list of the top 25 IoT companies that are playing a significant role in the growth, development, and modernization of IoT in 2015.