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 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.)
- Register for our Newsletter (sample here)
- Find us on Facebook
- Follow us on Twitter (#munknee)
- Subscribe via RSS
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 »
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 »
The Internet of Things is emerging as a third, and potentially the biggest, trend yet in the development of the Internet. Here’s why. Read More »
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 »