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IoT Poised to Generate New Business Opportunities for Partners

A new survey from CompTIA shows uncertainty surrounding the Internet of Things (IoT), but the IT industry association’s research reveals that the mix of hardware, software, rules and services in the IoT ecosystem will create new business opportunities.

“… We’re likely to see the emergence of many new firms focused on specific aspects of these systems, such as devices and data analysis. The true value of IoT will come from the combination and connectivity of all pieces,” said Seth Robinson, senior director, technology analysis, CompTIA.

Projections estimate that the number of connected devices worldwide will grow from 14.4 billion in 2014 to more than 50 billion by 2020.

According to survey respondents, the most likely companies to profit from the IoT include:

  • Device companies – 45 percent
  • Data analytics/big data companies – 43 percent
  • Companies skilled at tying services together using APIs – 35 percent
  • IT solution providers – 30 percent
  • Telecom carriers and cable companies – 26 percent
  • Networking equipment/software companies – 25 percent
  • Sensor/chip companies – 23 percent
  • Platform and ecosystem providers – 15 percent

“The true value of IoT lies not just in the data being generated and captured, but through the services that protect the data, perform the analysis and present findings in a usable way,” Robinson said.


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