General IoT vs. Application-Specific IoT
Gartner recently published the 2014 Gartner Hype Cycle Special Report, which evaluates the market perception and penetration for over 2,000 technologies, services and technology trends. Of particular interest to many was the placement of the Internet of Things (IoT) at the top of the Peak of Inflated Expectations. Gartner defines the Peak of Inflated Expectations as: “Early publicity produces a number of success stories—often accompanied by scores of failures. Some companies take action; many do not.”
And, indeed, inflated market size forecast and grandiose visions of IoT reign supreme. Morgan Stanley forecasts that by that by 2020 there will be75 billion connected devices, whereas Harbor Research estimates the same market will consists of a meager 8 billion connected devices. Gartner estimates that by 2020 there will be 26 billion connected devices, IDC counters that with 30 billion connected devices, Cisco says 50 billion… you get the picture.
Do you think they really know? The typical rationale offered by industry analysts is that they use different market and technology taxonomies, hence the vast differences.
On the other hand, does it really matter that much? Read More