Another research firm is venturing a guess about the size of the Internet of Things (IoT). And guess what? It's going to be bigger than we thought, Juniper Research claims.
In the next five years, it's going to grow 285 percent.
Another day, another estimate. Remember, Cisco grabbed headlines last year when it prognosticated that the global economic value generated by IoT could be $19 trillion. And earlier this month, McKinsey jumped in with an even bigger number. McKinseyt claims the IoT's economic impact could reach as high as $11.1 trillion per year by 2025 — per year!
Now we have Juniper's research, which predicts there will be 38.5 billion connected devices by 2020, up from 13.4 billion this year.
In fairness, the fluctuating figures are to be expected. It's still too early to say what kind of devices enterprises will connect to the IoT. In fact, enterprises don’t even know yet how feasible it will be to install devices in common goods.
It's also not entirely clear where and what verticals are going to embrace the IoT. While the connected home will grab the headlines, Jupiter thinks the real drivers of the IoT will be the industrial and public services sectors, including retail, smart buildings, smart grid and even agriculture.
Where's The Money?
According to EY, the global integrated professional services organization, its technology disruprtion has pushed merger and aquisition deals worth $127.2 billion, higher than any quarter since 2000.
The report notes semiconductor and communications equipment companies are significant drivers here as they position themselves for IoT-related growth.
In a statement, Jeff Liu, global technology industry leader at EY services said, "We'll see more mega-deals in response to disruptive technology and cross-industry 'blur.' Such deals position tech buyers with end-to-end solutions to address the explosive growth in IoT devices, continued smart mobility expansion and the growing need for high-performance cloud data centers to manage the computing load required by this rapidly arriving future."