The Best Play on the Internet of Things Trend
| December 21, 2015
In 2011, venture capitalist Marc Andreessen famously declared in The Wall Street Journal, “Software is eating the world.”
By mid-2013, his colleague Benedict Evans alerted us to a changing of the guard, when he declared, “Mobile is eating the world.”
So what technology is going to “eat the world” next?
It’s a particularly pertinent question as we head into 2016.
I’m not going to get involved in the predictions game. Rather, I’ll turn it over to John Chambers – former CEO and Executive Chairman of Cisco Systems Inc. (CSCO).
He says it’s the Internet of Things (IoT).
While speaking at Fortune’s Global Forum last month, he predicted that 500 billion devices would be connected to the internet by 2025.
That’s an awfully big number.
Especially since it massively exceeds every other forecast.
Take BI Intelligence, for example, which estimates that the number of IoT devices will hit 34 billion by 2020.
Or tech research firm, Gartner, which conservatively pegs it at 21 billion devices.
So 500 billion is a particularly headline-grabbing number.
The question is: Who’s right?
Well, whether it’s 21 billion, 34 billion, or 500 billion, it doesn’t matter.
Either way, there are some key barriers to entry for the IoT before mass adoption can take hold.
And one in particular represents a timely investment opportunity.