Articles Tagged with ''IoT market''

The Thread Group and EEBus Initiative e.V announced that the two alliances will collaborate in their efforts to build interoperable solutions for the smart home. As a result of this alliance, the organizations expect their members will benefit from access to key shared resources.

The residential Internet of Things (IoT) trend is expected to continue to grow during the next decade, particularly as industry stakeholders meet the demand for integrating disparate devices and in-home systems.

The worldwide Internet of Things (IoT) market is projected to hit a compound annual growth rate (CAGR) of 33.3 percent to 2021 driven by the rising need for operational efficiency and the increasing penetration of connected devices, according to a report available from RnR Market Research.

Technavio’s latest report on the global Internet of Things (IoT) devices market provides an analysis of the key trends expected to impact the market from 2015 to 2019.

Gartner Inc. forecasts that 6.4 billion connected devices will be in use worldwide in 2016, up 30 percent from 2015, and will reach 20.8 billion by 2020. In 2016, 5.5 million new devices will get connected every day.

While the Internet of Things (IoT) continues to evolve and expand, moving from planning to execution, commercial enterprise momentum is growing. According to a new global IoT decision maker survey from International Data Corp., 73 percent of respondents have already deployed IoT solutions or plan to deploy in the next 12 months.

Through devices such as smart thermostats that allow users to remotely control household temperatures or LED lights that can be switched on and off from a smartphone, the much-hyped Internet of Things (IoT) concept has arrived in the residential setting, says Navigant Research.

The EnOcean Alliance and the Open Interconnect Consortium (OIC) today announced a new liaison agreement. This collaboration joins one of the most established wireless building controls alliances with a leading Internet of Things (IoT) association.

As device manufacturers continue to embed communications technologies, sensors, and intelligence into an array of products, the residential Internet of Things (IoT) market continues to grow, notes Navigant Research.