The Internet of Things is a rapidly expanding industry. Currently, most Internet of Things devices involve home automation, such as lights, locks, and thermostats that can be remote controlled from distant places. Currently, most solutions involve directly talking to a WiFi-enabled device in the house to control it.
Some other Internet of Things applications include vehicles (remote start and locks through cell), security alarms (arming/disarming and monitoring wirelessly), and television (control of PVR functions from anywhere)
According to Gartner Research, the Internet of Things is going to change the way that data infrastructure is built and is maintained due to the demand for these products and the shift to cloud-based solutions for this technology. This is very symbolic of the power and momentum of this technology.
Another interesting thing of note is that Gartner Research projects that some 26 billion Internet of Things devices will be connected by 2020, with the industry being worth $1.9 trillion in industry value addition. This is a huge explosion in the number of devices unparalleled by any other technology in history. To put this in context, that is a 30 fold increase in devices and is a very large number of devices considering the numbers that exist right now. Even smartphones, which have seen a massive explosion, are currently only at 1.5 billion devices worldwide according to Business Insider.
The Internet of Things industry is not only currently strong and growing, but is going to be growing at an unprecedented rate. It is in its infancy right now, and this is the time when investment will lead to the greatest gains possible. We look forward to working with you and your investment team to fuel this momentum and be at the forefront of this exciting industry!