TECH.CO - Sep 29 - Tata Consultancy Services has surveyed 800 corp. executives. The survey found that these business leaders view their IoT investments directly responsible for revenue increases of ~16% and 64%. 7% of them plan to spend ~$500M on IoT investments in 2015. (Investors poured $300M into IoT in 2014 - TechCrunch)
IoT Trends
- To support IoT devices and integration, there will be significant growth in the area of cloud-based service provider platforms.
- Security solutions will become more important.
- Half of the IoT activity is focused on consumer applications, transportation, manufacturing, and smart city solutions.
Consumer trends
- 13% of consumers are planning to purchase wearable fitness app within the next year.
- 5% are planning to purchase a smart watch.
- 83% are willing to pay more for a smart smoke alarm, 59% are willing to pay for a smart refrigerator.
Other trends:
- Google, Samsung, Microsoft and AT&T to dominate the space.
- Other new IoT products of interest are in the health and wellness niche.
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