Report
| State of the Market: Internet of Things 2017 by Verizon Communications Inc.
IoT
platforms, including new low-power networks, are providing organizations with a
single environment for developing and managing applications and paring costs.
“This
year, simplified end-to-end solutions, low cost IoT technologies and
connectivity solutions, and new regulatory requirements around food safety,
pharmaceuticals, energy and the operation of commercial drones, are driving IoT
deployments,”
The
report pointed out that while innovations in IoT are advancing rapidly, the
costs of deploying the technology are coming down.
According
to the report, security concerns remain “the number one barrier to large-scale
IoT deployments” in the enterprise.
“The
lack of standards and security risks will continue to slow down the adoption of
IoT for years to come. But the sudden emergence of a ‘killer app,’ possibly in
the enterprise rather than in the consumer market, could accelerate IoT
adoption regardless of any security and interoperability concerns.”
The
report identified drones as a bright spot in the IoT ecosystem, noting that
“analysts expect enterprise and commercial use cases to expand exponentially”
in the next few years.
Report
Link | http://www.verizon.com/about/sites/default/files/Verizon-2017-State-of-the-Market-IoT-Report.pdf
Regards
Pralhad
Jadhav
Senior
Manager @ Knowledge Repository
Khaitan
& Co
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