If you pay attention to the analysts, you probably have a few favorite companies that you trust. Often, though, the analyst-client relationships drive distinctions that make it difficult for the layman to understand the facts and figures.
IDC projects that by 2020 the Internet of Things ecosystem will be at $8.9 trillion with 212 billion devices in the mix. Then along comes Gartner, with a report that says there will be 26 billion devices in use by the same 2020 and $1.9 trillion in the ecosystem.
Explaining the vast difference in these two report conclusions, the IDC analysis includes all kinds of smart things, including cities, cars, and over 30 billion “autonomous devices” (which I assume means smart sensors), whereas the Gartner report excludes such smart devices as phones, tablets and PCs. Even with the distinction of smart versus dumb, however, the numbers deviation between the two reports is hard to fathom, particularly when you start parsing the concepts. I mean, do we really mean to say that over 75 percent of the IoT market is going to be “smart”?
My understanding is that we have a lot of brownfield that will add connectivity in the market of existing sensors and machines, which should mean that over 80 percent of the devices are limited and not part of the “smart” count. Thus, the Pareto Principle seems to have been stood on its head. And if the smart devices are all going to manage the same things, doesn’t this mean we will need more security strategies? Worse yet, will we hit a stock market/industry bubble?...Read More
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