Friday , 29 March 2024

“Internet of Things” Emerging As Next Mega-trend – Here’s What’s Happening (2K Views)

The Internet of Things is emerging as a third, and potentially the biggest, trend yet ininternet of things the development of the Internet. Here’s why.

The above introductory comments are edited excerpts from an article by Mark Melin (ValueWalk.com) entitled Goldman Projects “Internet of Things” To Become Biggest Mega Trend Yet.

The following article is presented courtesy of Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and has been edited, abridged and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.

Melin goes on to say in further edited excerpts:

3 stages of Internet Development

…Goldman Sachs looks at the development of the Internet in three stages:

  1. the fix Internet of the 1990s, using primarily desktop computers;
  2. the mobile internet of the 2000s, utilizing smart phones and tablets;
  3. and now the Internet of Things, which includes connecting wearables, cars homes cites and industrial concerns.

The first and second phase connected up to 2 billion people while the Internet of Things is expected to connect over 28 billion people and appliances, highlighting what is said to be the most explosive and important trend yet.

internet of things mega trend

5 Primary Verticals of the Internet of Things

Goldman Sachs breaks down the Internet of Things into five primary verticals to watch:

  1. Connected Wearable Devices,
  2. Connected Cars,
  3. Connected Homes,
  4. Connected Cities, and
  5. the Industrial Internet.

CommTech Internet of things Matrix

Specific Stocks & Sectors of Interest

In terms of specific stocks and sectors that might outshine, the report cites several areas including sensor technology. “Sensors have outgrown other semiconductor units by five percentage points over the last two years, and we expect that trend to continue as they proliferate,” the report said.

“Connectivity will also grow above-average, driven by Wi-Fi, Bluetooth, ZigBee, NFC, and other IoT standards. More devices will use ARM-based processors and microcontrollers given their lower price points and power requirements relative to the x86 microarchitecture.”

Internet of things heat focus

3 Factors driving Internet of Things trend growth

Goldman notes three factors driving trend growth. Health and wellness, as witnessed in the fitness band craze, is a key motivator for people to embrace the technology, as is the environment and safety.

Internet of things growht trend

Security Concerns

While there is potential enormous growth potential, there are also significant barriers to adoption. Among the most significant concerns is security.

“Security concerns escalate to a whole new level with the Internet of Things,” the report noted, “given the potential for privacy violations or safety issues as a result of the ability to remotely manipulate physical assets.” This could include hackers controlling cars remotely, which is reported to already be the case, as well as privacy issues.

Citing “just early example of vulnerabilities,” the report noted that in one major security breach, hackers realized that they could access the live streams of any camera over the Internet, resulting in over 700 cameras’ live video feeds being streamed over the Internet. This included footage of babies, young children, and people engaging in daily life activities in their homes.

Other barriers to this trend being adopted were regulation and compliance concerns as well as standards that may be imposed as well as ease of use concerns.

Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://www.valuewalk.com/2014/06/internet-of-things-to-become-biggest-mega-trend-yet/ (© 2014 ValueWalk LLC All Rights Reserved; Sign Up For Our Free Newsletter to never miss an article.)

Follow the munKNEE!

Related Articles:

1. What Is – Why Invest In – the New “Internet of Things” (IoT) Market?

By next year there will be twice as many devices connected to the Internet as there are people in the world, according to some estimates, and by the end of the decade, that number may hit 50 billion. This burgeoning market is referred to as the Internet of Things (IoT). This infographic provides a description of the developing IoT space and identifies major companies who are shaping this new market sector and worth looking at for exposure to this important trend. Read More »

2. The Next Step In Technology Is the “Internet of Things” & These Companies Have Exposure To It

Technology companies have a history of not getting along, but if they’re going to be successful in the so-called “Internet of Things” (IoT), they’ll have to find a way to do it. This article focuses on what is necessary for widespread adoption, explain the consumer and enterprise sides of adoption and provide a list of companies they expect to have exposure to this next step in technology. Read More »

3. The “Internet of Things” – Spearheading Another Industrial Revolution

The Internet of Things is starting to take over all aspects of life. More and more devices and even appliances are connecting to the Internet, not only supposedly making our lives more convenient, but also making them inherently more complicated in some ways. The Internet of Things has already had a major impact on Consumer segments over the last 15 years and now it is beginning to move into Industrials, where a Goldman Sachs team of analysts thinks the economic impact will be greater. Here’s what they had to say and how it will impact your way of life. Read More »

4. Using the “Internet of Things” Is A Tricky Investment Idea – Here’s Why

The Internet of Things has entered the mainstream but…will move at different speeds, in different industries, over the next few decades as the cost of connectivity continues to drop. Read More »