Internet of Things (IoT)
Internet of Things (IoT), which includes Industrial Internet of Things (IIoT), is a market that is expected to experience an explosive growth over the next decade. IoT devices include smartphones, tablets, smart TVs, smart lighting systems, smart traffic lights, smart HVAC systems, security cameras and systems, wireless keyboards, wireless mice, wireless headsets, DVRs, smart cameras, medical devices and monitors, MiFi-like routers and hotspots, and others.
Cabot Partners believes this phenomenal growth can be attributed to the hottest areas for IoT growth, namely, fleet management in transportation, industrial asset management in manufacturing inventory, healthcare, security and surveillance applications in government, and warehouse management applications in retail, and others.
Depending on how we define a device, there were about 15 billion IoT devices in 2015 and this number is forecasted to grow to 50 billion by 2020 and over 75 billion by 2025. Annual revenues by 2020 could exceed $470 billion for the IoT vendors selling hardware, software, and comprehensive solutions (hardware, software and services) for Analytics. IoT is one of the largest contributors of the continuing explosive growth of data.
Cabot Partners offers customized advisory services to:
- IT Solution Providers: Help build and grow desired revenue and profitability of their IoT solutions by developing an IoT strategy and producing white papers, market/competitive assessments, Total Value of Ownership (TVO) Studies, 3D animation videos, webinars, solution briefs, eBooks…etc.
- Enterprises: to achieve desired revenue, profitability and performance from IoT and transforming into an information driven organization; navigate the complexities of the technology landscape to gain competitive advantage and to optimize their IoT and analytics initiatives.
Here's an example: