According to a new market research report by marketsandmarkets.com, the home automation system market was valued at $39.93 billion in 2016 and is expected to reach $79.57 billion by 2022 at a compound annual growth rate (CAGR) of 11.3 percent during the forecast period.
The organizations will combine under the Open Connectivity Foundation name
October 27, 2016
The Open Connectivity Foundation (OCF), sponsor of the IoTivity open source project, and AllSeen Alliance, which provides the AllJoyn® open source Internet of Things (IoT) framework, announced that the two organizations’ boards have approved a merger under the OCF name.
Will collaborate to streamline product development and reduce fragmentation of IoT market
October 13, 2016
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.
Key IoT stakeholders can provide added value to consumers by offering ongoing data insights
June 14, 2016
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.
Being driven by factors including development of cheaper and smarter sensors, rising adoption of cloud computing
April 29, 2016
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.
The Internet of Things is estimated to support total services spending of $235 billion in 2016
December 31, 2015
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.
Enterprise opportunity is where IoT potential resides in terms of spending and number of endpoints connected
December 7, 2015
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.
Multiple competing protocols and standards are creating confusion for customers
November 23, 2015
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.