ensured that VC investment followed into the sector. Many startups have
since been formed to address the growing demand for smart/connected home
products. Products include smart locks, lighting, security systems, cameras, A/
V equipment and more. These devices learn consumer habits and behaviors
and then adjust product functionality to best serve them – all while making
homes safer and more comfortable and efficient. In addition, IoT's inherent
interconnectivity will enable consumers to access and manage their homes
from anywhere in the world.
• Trend 2 >> IoT Connected Vehicles
Connected vehicles are one of the most disruptive applications for IoT.
Connected vehicles and IoT devices within them offer the ability to capture
real time road conditions, relative speed and distance between vehicles,
trip information, traffic information, and other sensor-gathered information in
order to guide passengers safely to their destination most efficiently – or even
autonomously. This will disrupt virtually all forms of transportation, logistics and
delivery services. Google is leading in this effort and many auto manufacturers
are close behind.
• Trend 3 >> IoT Optimized Business Processes
The ability for sensors to monitor processes in real time combined with the
ability to store and access information traditionally scattered throughout an
organization will enable companies to assemble, visualize, analyze and plan
around that information in collaborative workflows or processes that match how
the organization works. Companies can also change workflows with previously
unseen speed and agility, adapting to changing market conditions and seizing
new business opportunities. This IoT segment alone represents a $10+ trillion
opportunity by 2025.
• Trend 4 >> Industrial IoT
Consumer IoT currently accounts for the majority of IoT spend and investing.
This will change in the near future as industrial IoT begins to deploy at scale
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