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 Here at BI Intelligence (Business Insider's premium research service) we strive to deliver easily consumable in-depth analysis to help forward-thinking business professionals stay ahead of the latest trends and industry research. Our team regularly delivers key insights on today's most relevant topics in the digital landscape.
The Internet of Things (IoT) has been called the next industrial revolution that will change the way all businesses, governments, and consumers interact with the physical world. BI Intelligence has tracked the growth of the IoT for more than two years.
Specifically, we've analyzed how the IoT Ecosystem, which enables the entities to connect to, and control, their IoT devices, is being used by consumers, businesses, and governments in sixteen environments including manufacturing, the connected home, transportation, agriculture, and more.
Today we are offering you an exclusive opportunity to gain access to some of our very best IoT research with an exclusive new report:
| | | The IoT Ecosystem
In our newest report, we discuss the components of the IoT ecosystem, including the devices, analytics, networks, security and more. In addition, we provide our estimates and forecasts on the burgeoning IoT market including device growth, amount invested, and the potential return on investment.
Here are a few of the key takeaways from the report: - In total, we project there will be 34 billion devices connected to the Internet by 2020, up from 10 billion in 2015. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 billion.
- Nearly $1.6 trillion will be invested to install IoT solutions in 2020, up from $450 million in 2015. The majority of the investment will be in software and application development, followed by hardware.
- Businesses will be the top adopter of IoT solutions. They see three ways the IoT can improve their bottom line by 1) lowering operating costs; 2) increasing productivity; and 3) expanding to new markets or developing new product offerings.
- Governments are focused on increasing productivity, decreasing costs, and improving their citizens' quality of life. We believe they will be the second-largest adopters of IoT ecosystems.
- Consumers will lag behind businesses and governments in IoT adoption. Still, they will purchase a massive number of devices and invest a lot of money in IoT ecosystems.
In full, this extensive report: - Distills the technological complexities of the Internet of Things into a single ecosystem.
- Forecasts remote growth among smartphones, tablets, PCs, smartwatches, and more.
- Explains the benefits and shortcomings of many networks, including mesh (e.g. Zigbee, Z-Wave, etc.), cellular (e.g. 3G/4G, Sigfox, etc.), and internet networks (e.g. Wi-Fi, Ethernet, etc.).
- Discusses analytics systems, including edge analytics, cloud analytics, and more.
- Analyzes the growth of data storage as a result of tremendous data loads produced by the IoT.
- Examines IoT security best practices.
- Details the four IoT market drivers and four IoT market barriers.
- Forecasts IoT investment by six technological layers including connectivity, security, data storage, system integration, device hardware, and application development.
- Analyzes how the IoT ecosystem is being using in Manufacturing, Insurance, Oil, gas, and mining, Transportation - including the connected car, Defense, Connected home, Agriculture, Food services, Infrastructure, Utilities, Retail, Hospitality, Healthcare, Logistics, Smart buildings, and Banks.
- Defines Internet of Things terminology within a glossary.
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