FREMONT, CA: The number of internet enabled devices that can network and communicate with each other and with other web-enabled gadgets is growing. IoT is a state where Things (objects, environments, vehicles and clothing) will have more and more information associated with them and may have the ability to sense, communicate, network and produce new information thus becoming an integral part of the internet. 451 Research, an IT research and advisory company has predicted that the telecom industry will see a four times increase in cellular network-based IoT connections between 2014 and 2019, growing from 252 Mn to 908 Mn.
The firm also analyzed the use of wearable tech in the enterprise and revealed that 39 percent of the respondents will adapt wearable tech solutions in the next six months and 24 percent within the following year. 81 percent chose smart watches as the wearable.
According to the firm, the four fold rise is due to the ease of access and reduced costs of hardware and broadband for enterprise customers, the evolution of cloud, data management and analytics platforms and increased Mergers and Acquisitions(M&A) activity, reports Business Cloud News.
“Over the forecast period we expect that M2M/IoT solution suppliers will find fertile ground in vertical markets such as retail and government that will adopt IoT/M2M to enable strategic digitization strategies such as smart cities and the use of digital signage, mobile point of sale, and connected kiosks to drive the transformation from brick and mortar to ‘click and mortar’.” says Brian Partridge, VP, 451 Research.