Three Industries Poised For IoT Disruption
February 20, 2019 / Shailendra Singh
The internet of things (IoT) has become a hot topic for discussion in recent years due to its ability to enhance operational efficiency and improve business outcomes. What was once an abstract concept now touches almost every part of our lives and can be found in our homes, workplaces and public spaces. In our increasingly connected world, I expect that IoT will continue to open the door to enormous and lucrative opportunities across almost every major industry. Let’s explore what I see as the top three based on my observations of industry growth at a research and advisory firm. A 2017 Deloitte article estimated the market value of IoT as a whole would reach $1.1 trillion by 2020. My company's research estimated that the IoT healthcare market specifically will be worth $158.07 billion by 2022 due to developments like telemedicine, connected imaging and tech-driven medication management.