The vision of the Internet of Things has evolved along with the convergence of technologies in areas such as wireless communication, embedded systems and micro-electromechanical systems. The International Data Corporation (IDC), defines the Internet of Things as a network of networks of uniquely identifiable endpoints (or “things”) that communicate without human interaction using IP connectivity – be it “locally” or globally. According to new research, a transformation is underway that will see the worldwide market for IoT solutions grow from $1.9 trillion in 2013 to $7.1 trillion in 2020.
“The worldwide IoT market is exploding, and IDC’s research examines the full breadth of the IoT ecosystem, including intelligent and embedded systems shipments, connectivity services, infrastructure, purpose-built IoT platforms, applications, security, analytics, and professional services,” added Carrie MacGillivray, Program Vice President, Mobile Services, IoT, and Network Infrastructure at IDC. “IoT solutions are at the heart of IDC’s view of the 3rd Platform and the four pillars — mobility, social business, big data/analytics, and cloud — resulting in millions of applications available to billions of end points.”
It is timely, then, that CB Insights has released it’s latest Periodic Table, this time in IoT. The table focuses on seven different types of organizations as follows (from left to right).
- The left side of the Periodic Table of IoT includes companies across several sub-verticals that comprise IoT.
- On the far right, the table shifts to venture capital firms (both multi-stage and micro VCs), corporate investors, angels, accelerators/incubators and crowdfunding platforms selected based primarily on total portfolio investments into IoT and recency of investment in the Internet of Things.
- The bottom section below is acquirers and notable IoT exits.