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.
The above introductory comments are edited excerpts from an infographic* by Sukhdip Basra (VisualCapitalist.com) entitled What is the Internet of Things?
The following infographic is presented by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and the FREE Market Intelligence Report newsletter (register here; sample here). This paragraph must be included in any article re-posting to avoid copyright infringement.
The following major companies are shaping the IoT space and are worth looking at for exposure to this important trend.
Google (NASDAQ: GOOG)
Google is a major player in the IoT market through its home automation efforts. The tech titan has made many acquisitions in this industry in the past few years. Most notably, Google acquired the home automation company, Nest, for $3.2 billion earlier this year.
Apple (NASDAQ: AAPL)
Apple is determined to make a harmonious user experience for all the devices in your home. Apple’s initiative, HomeKit, is a new framework for communicating with and controlling connected devices in a user’s home. Some have speculated that this will be Apple’s next disruptive move.
Skyworks Solutions (NASDAQ: SWKS)
Skyworks is a major supplier of connectivity chips to some of the biggest players in the tech world, like Apple and Samsung. The company has been investing in IoT initiatives at a feverish pace and will likely grow its market share.
Philips (NYSE: PHG)
The light bulb game is set to change and Philips is ahead of the curve. Incandescent bulbs are slowly being phased out, in favour of LED bulbs, and Philips is offering products that can be controlled through your smartphone.
Intel (NASDAQ: INTC)
Intel has always been a major force in providing other tech giants with processors and chips. To keep up with the IoT industry change, Intel has released a new type of super-efficient chip that can be used in wearable devices.
Goldman Sach’s IoT Predictions
If you would like to check out even more promising IoT companies, here’s a list of Goldman Sach’s top picks for stock best positioned to take advantage of the IoT trend. Interestingly enough, Goldman did not include Apple or Google on this list.
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.visualcapitalist.com/what-is-internet-things/ (Copyright © 2014 Visual Capitalist | All rights reserved.)
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