IoT could be the killer app for blockchain

LUCAS MEARIAN | June 25, 2018

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As the number of sensors in vehicles, factory machinery, buildings and city infrastructure grows, companies are looking for a secure and automated way of enabling a mesh network for transactional processes. Blockchain appears to best fit that bill.The total number of connected Internet of Things (IoT) sensors and devices is expected to leap from 21 billion this year to 50 billion by 2022, according to recent data from Juniper Research. The massive growth in IoT connected devices over the next four years, Juniper claims, is driven mainly by edge computing services – the processing of data away from the cloud and closer to the source. A substantial portion of the estimated 46 billion industrial and enterprise devices connected in 2023 will rely on edge computing, Juniper said, so addressing key challenges around standardization and deployment will be crucial. The massive growth in IoT connected devices over the next four years, Juniper claims, is driven mainly by edge computing services – the processing of data away from the cloud and closer to the source. A substantial portion of the estimated 46 billion industrial and enterprise devices connected in 2023 will rely on edge computing, Juniper said, so addressing key challenges around standardization and deployment will be crucial.

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Internet of Things (IoT): The Need for Vendors to Address Security

Article | March 3, 2020

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Article | March 18, 2020

There are already 20 billion IoT-connected devices, and 8 billion of those are devices used by enterprises, according to a report by Gartner. The impact of the Internet of Things market is potentially $11 trillion by 2025. The investment in IoT has come primarily from large businesses, but the technology is increasingly available via ‘as-a-service’, making it possible for businesses of all sizes to benefit. The ‘as-a-service’ model reduces the cost of ownership and capital expenditures and makes it easy for small businesses to investigate IoT with smaller up-font investments and less risk. Frank Della Rosa, research director at IDC, said that “Software as a Service (SaaS) continues to be the most highly deployed cloud segment, representing a commanding 62.4% of the total cloud market revenues.”

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Article | June 8, 2021

5 years ago, when we forecasted that the IoT platforms market would have a 5-year compound annual growth rate (CAGR) of 35%, we wondered if our growth projection was unrealistically high. 5 years later, it has become apparent that the forecast was actually too low. The IoT Platforms market between 2015 and 2020 grew to be $800 million larger than we forecasted back in early 2016, resulting in a staggering 48% CAGR. Comparing what we “knew” back in 2016 to what we know today provides some clues as to why the market exceeded expectations so much. 5 years ago, no one really knew what an IoT platform was, let alone how big the market would be, which business models would work, how architectures would evolve, and which companies/industries would adopt them. The only thing that was “known” was that the IoT platforms market was a billion dollar “blue ocean” opportunity ready to be captured by innovative companies.

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How to Leverage IoT to Protect Your Workers

Article | March 20, 2020

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ULTRA IoT is a one-stop-shop for modular IoT solutions. From scientific environmental monitoring to smart products that create value for a business, we offer quick, custom made solutions.

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