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Internet of Things market is changing: More but smaller projects to dominate

September 27, 2019 / Wral Tech Wire

Let us begin with the bad news many IT and operational technology (OT) vendors were disappointed  and some incurred damage or had to scramble to realign  as the IoT opportunity failed to live up to inflated expectations prevalent between 2015 and 2017. Many anticipated far more rapid growth than was reasonable, given that IoT is neither a technology nor a market, but a technique or a class of solutions. Many also thought that version 1.0 of horizontal IoT platforms was a fast and easy sell. An early victim was General Electric (NYSE: GE), but TBR expects other large names to narrow their IoT businesses and investments, if they have not already, and several smaller names to disappear or get eaten by bigger fish as they find themselves spinning their wheels in the mud with non differentiated portfolios.