The Internet of Things will be the defining technology trend of the next decade and will impact virtually every vertical industry and permeate the vast majority of business processes. IoT is an integral component of a broader digital transformation. The primary objectives of IoT are: to strengthen customer engagements, in order to increase customer loyalty and accelerate market penetration, and to streamline operational efficiency to improve organizational effectiveness and profitability.
The Internet of Things (IoT) will remain one of the hottest areas in high technology in 2016.
Key areas of focus in 2016 will include, but not be limited to the following areas:
- The continued shift to services through IoT enablement.
- Security challenges for distributed IoT networks.
- The growth of data as a currency, driving Big Data Analytics adoption.
- Regulatory challenges in IoT.
- The shake-up of LPWA and standardization path to NB IoT for 3GPP IoT.
- Growth in M&A activity and inevitable consolidation.
- Value of IoT-related Patent Portfolios continues to increase.
- Standardization gains prominence in IoT.
All of the above are crucial and will play a pivotal role in helping organizations maximize the business benefits and realize the greatest economies of scale from their IoT deployments.
Table of Contents
Contents
1. Executive Summary 4
2. IoT Accelerates the Shift to the “as-a-Service” Economy in 2016 6
3. IoT shows mainstream adoption as Healthcare, Industrial and Financial verticals gain significant traction. 9
4. Security, Data Privacy continue to be the biggest challenges and impediments to IoT deployments 10
5. IoT Big Data Analytics Mainstream Adoption Ramps Up 12
6. Low Power Wide Area (LPWA) Networks Face Shake-up in 2016 with Clearer, Standardized 3GPP Path to NB-IoT 14
7. IoT Data Management and Storage becomes Crucial 17
8. IoT Merger and Acquisition and Consolidation Activity Remains Brisk in 2016 18
9. IoT Regulatory Compliance will play an increasingly important role 19
10. Patent Power: Vendors Pump up Their Patent Portfolios 20
11. IoT Standardization Assumes Greater Importance 21
12. Conclusions and Recommendations 22