Wednesday, June 04, 2014

Internet of Things will be a $7 trillion industry by 2020

IDC's findings tally with those of Parks Associates, which is preparing to present its own research into the topic, at the Digital Home World Summit in Berlin, Germany, later during the week of June 02-08.

Its findings include that 43 percent of US broadband homes are already willing to invest in a smart home package that offered home management, safety and security features, while in France, the UK, Germany and Belgium, consumers are starting to value smart safety and security devices, such as smoke alarms and motion detectors.

"Strong appeal for smart home solutions among consumers in the U.S and Europe, is a good sign, because this market is still in its infancy. As consumer awareness grows, interest and demand for such systems will also increase," said Stuart Sikes, President, Parks Associates.

From the article "Internet of Things will be a $7 trillion industry by 2020."

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