New GigaOM Research Report Examines Market Potential for the Internet of Things
Report includes review of trends, use cases and potential challenges to adoption.
San Francisco, CA (PRWEB) June 19, 2013
In conjunction with the 6th annual Structure conference, GigaOM Research today published a new report (subscription required) titled, “The Internet of Things: A Market Landscape” by research analyst Jon Collins. While the Internet of Things (IoT) is expected to have a massive impact on business and wider culture, these are still early days. There is no standard definition of the technology yet, and protocols and standards are still in development. This report examines the trends driving the growth of the IoT, components of the IoT ecosystem, and characteristics of a “thing.”
The IoT is not a single technology trend, but rather a way of thinking about how the physical world at large and the objects, devices and structures within it are becoming increasingly interconnected. It´s about the convergence of the physical and the virtual as cloud computing and big data power the back-end processing and analytics that truly connect “things” with each other.
In this report, Collins looks at the scale of market opportunities and early examples of use cases, as well as potential inhibitors to adoption and emerging challenges, notably around security, privacy and system failure. He attempts to answer questions about what to expect from the IoT and how its impact will be felt across industries.
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