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Sizing up the Internet of Things

Download the Full Report- https://www.comptia.org/resources/sizing-up-the-internet-of-things

Some highlights:

Thanks to factors such as miniaturization of sensors and chips, robust wireless networks, and IPv6, the number of connected “things” is projected to skyrocket from 0.5 billion in 2000 to 50.1 billion in 2020. With all of these intelligent systems in play and sharing data, there would certainly appear to be an increased demand for all kinds of technical support.

Solution providers trying to gain entry to the Internet of Things arena will benefit from this research brief, which includes a market overview, ecosystem description, opportunities outlook, and a synopsis of policy issues. The brief combines industry analysis with data collected from IT industry executives.

About this Research

CompTIA’s Sizing Up the Internet of Things research brief provides an overview of key developments of this trend.

This research brief focuses on four areas:

  • Market Overview
  • Internet of Things Ecosystem
  • Business Opportunities
  • Policy and Regulatory Implications

The data for this quantitative study was collected via an online survey conducted during July 2015. A total of 381 U.S. IT companies participated in the survey, yielding an overall margin of sampling error at 95% confidence of +/- 5.1 percentage points. Sampling error is larger for subgroups of the data.

As with any survey, sampling error is only one source of possible error. While non-sampling error cannot be accurately calculated, precautionary steps were taken in all phases of the survey design, collection and processing of the data to minimize its influence.

CompTIA is responsible for all content and analysis. Any questions regarding the study should be directed to CompTIA Research and Market Intelligence staff at research@comptia.org.

CompTIA is a member of the Marketing Research Association (MRA) and adheres to the MRA’s Code of Market Research Ethics and Standards.

Key Points

  • New advances in technology have led to strong interest in the Internet of Things, where everyday objects have sensor capabilities, compute power, and connectivity that allows for data sharing. Projections estimate 50.1 billion connected devices by the year 2020 and $1.9 trillion in global economic value-add, suggesting a world of new opportunity for businesses.
  • The ecosystem of the Internet of Things is complicated, spanning hardware, software, rules, and services. Many of these elements have roots in traditional IT components, but there are new aspects to consider and the true value of the system comes from the combination of all the pieces.
  • There is a positive outlook for channel firms looking for business related to Internet of Things, since businesses will need help building and applying the complex systems. There will be many new firms focused specifically on IoT aspects such as devices, data analysis, and integration; but there will also be opportunity for channel firms to extend existing offerings into these new areas.
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