Friday, September 29, 2017

Report | State of the Market: Internet of Things 2017 by Verizon Communications Inc.



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.


Regards

Pralhad Jadhav  

Senior Manager @ Knowledge Repository  
Khaitan & Co 



Twitter Handle | @Pralhad161978

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