Internet of Things 2015 Year End Review: IoT Business Ecosystem
Goldman Sachs defines the Internet of Things (IoT) as the third wave of internet revolution: By connecting billions of devices to the internet, the IoT can open up a host of new business opportunities and challenges. According to McKinsey, the IoT has the potential to create up to $6 trillion economic value annually by 2025. According to Research and Markets, there are more than 2000 companies that are selling the IoT enabled products, playing a vital role in the IoT technology innovation, or act as an enabler to the IoT business development.
A business ecosystem is the community of business entities that is formed by the competitive and collaborative interactions among business entities for new innovations. A business ecosystem evolves to form a new value network, and thus, to create a new market. The IoT has various applications including, smart home, connected car, connected health, and business/industrial applications. Thus, many business players across diverse industries including semiconductor, consumer electronics, IT, telecom, healthcare, medical devices, retail, industrial & manufacturing and transportation are participated in the IoT business ecosystem.
The key IoT business ecosystem players based on their patenting activities are Samsung Electronics, Google, Toyota, Ford, GM, Philips, GE, IBM, Cisco, and Ericsson.
To read the full article, click here
Related Semiconductor IP
- 5G-Advanced Modem IP for Edge and IoT Applications
- 5G IoT DSP
- 2.4 GHz + sub-GHz 802.15.4g + 802.11ah transceiver for Wi-SUN and IoT platforms
- NPU IP for Wearable and IoT Market
- 64-bit RISC-V core with in-order single issue pipeline. Tiny Linux-capable processor for IoT applications.
Related Blogs
- Cadence Recognized as TSMC OIP Partner of the Year at 2025 OIP Ecosystem Forum
- TLM: The Year in Review, and Trends for 2012
- CEVA Royalty Revenues in 2015 Supports Future IoT Design Win
- Interface IP year 2015: Winners and Losers
Latest Blogs
- Satellite communications are no longer as secure as assumed
- Why Hardware Monitoring Needs Infrastructure, Not Just Sensors
- Why Post-Quantum Cryptography Doesn’t Replace Classical Cryptography
- The Silent Guardian of AI Compute - PUFrt Unifies Hardware Security and Memory Repair to Build the Trust Foundation for AI Factories
- Heterogeneous NPU Data Movement Tax: Intel's Own Slides Tell the Story