suyati.com

References:http://www.forbes.com/sites/louiscolumbus/2015/07/28/where-internet-of-things-initiatives-are-driving-revenue-now/

http://www.forbes.com/sites/gilpress/2014/08/22/internet-of-things-by-the-numbers-market-estimates-and-forecasts/

http://www.consultancy.uk/news/2415/embracing-internet-of-things-boosts-revenue-growthhttp://www.gartner.com/newsroom/id/2684616http://gadgets.ndtv.com/internet/news/internet-of-things-could-drive-750-900-million-revenue-from-east-india-724715

http://www.eweek.com/small-business/internet-of-things-revenue-to-hit-7.1-trillion-in-2020.html

http://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/internet-of-things-grand-challenge-workshop-key-findings.html

http://www.idc.com/downloads/idc_market_in_a_minute_iot_infographic.pdf

%Popularity of

Application ofIoT

IoT &Revenues

2015 $2712 billion2017 $3782 billion2019 $5649 billion2020 $7065 billion

IoT79% 40%45%

The Internet of Things is the latest “big” thing in the world of computing. While everyone is keen to join the bandwagon, and the technology promises

wonders, companies still have their tasks cut out on how todrive revenues from this new technology.

According to research firm IDC, “Internet of Things (IoT) is a networkof networks of uniquely identifiable endpoints-things that

communicate without human interaction using IPconnectivity, be it locally or globally.”

Enterprises have taken to IoT in a big way. The TCS Global Trend Study 2015 – Internet of Things: The Complete Reimaginative Force reveals:

Presently, companies use IoTin the following ways

IoT is in its boom phase and promises to provide windfall gains for stakeholders.

Research major Gartner estimates IoT product and service suppliers to generate incremental revenue exceeding $300 billion by 2020.

Globally, enterprises expect IoT initiatives to increase revenue by 16.3%, on average between 2015 and 2018. For North American companies,the average revenue gain is projected at 18.1% on average.

A report by PriceWaterhouseCoopers and Confederation of Indian Industries, West Bengal, estimates companies operating in IoT space to generate $750-900 million from east India alone. The overall IoT

industry in India is estimated to bearound $15 billion by 2020.

The projected increase in revenue (on average) from now to 2020, for specific industries, at a global level, are:

Research firm IDC forecasts that the worldwide market for IoT solutions to touch the following figures:

enterprises already have IoT initiatives in place to under-stand customers better, espe-cially the products they buy,

and the locations they buy

enterprises use IoT technologies to monitor

production and distribution operations.

enterprises use IoT to grow their service

business

The Internet of ThingsHow revenue is driven

Through mobile apps in smart-phones,tablets,

and other mobile devices: 46.5% of

companies

To track product flow to customers, in production &

distribution: 44.9% of compa-

nies

By embedding digital sensors in products, and receiving data from such sensors

pertaining to perfor-mance of the product: 25.5% of companies

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IndustrialManufacturing

27.1% 19.4%

High techindustries

18.9%

Banking &financial services

Media &entertainment

16.5% 15.6%

Travel, transportation &

hospitality

15.3%

Telecommunications

15.1%

Insurance

14.6%

Energy

Consumer goods(packed)

14.5% 13.9%

Utilities

13.3%

Retail Automotive

12.3% 12.3%

Healthcare &life sciences

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