|[August 20, 2014]
The Internet of Things Will Drive Wireless Connected Devices to 40.9 Billion in 2020, Says ABI Research
LONDON --(Business Wire)--
According to an updated market forecast from ABI Research (News - Alert), the installed
base of active wireless connected devices will exceed 16 billion in
2014, about 20% more than in 2013. The number of devices will more than
double from the current level, with 40.9 billion forecasted for 2020.
Principal analyst Aapo Markkanen comments, "The driving force behind the
surge in connections is that usual buzzword suspect, the Internet of
Things (IoT). If we look at this year's installed base, smartphones,
PCs, and other 'hub' devices represent still 44% of the active total,
but by end-2020 their share is set to drop to 32%. In other words, 75%
of the growth between today and the end of the decade will come from
non-hub devices: sensor nodes and accessories."
From every technology supplier's strategic point of view, the critical
question is how this plethora of IoT devices will ultimately be
connected. Until recently, the choices that product OEMs have faced have
been fairly straightforward, with cellular, Wi-Fi, Bluetooth, and others
all generally addressing their relative comfort zones. Going forward,
they will be in an increasing competition with each other, so for the
suppliers the straegic stakes are getting much higher.
Practice director Dan Shey (News - Alert) adds, "The recently introduced Thread
protocol, spearheaded by Nest Labs, is the clearest example of this
convergence. It is not only setting the bar higher for ZigBee (News - Alert) in the
802.15.4 space, but also piling up pressure on Bluetooth suppliers to
enable mesh networking. In the meantime, the LTE-MTC and LTE-M
initiatives may well expand the market for cellular M2M, while startups
like Electric Imp and Spark could do the same for Wi-Fi. And finally, we
also shouldn't ignore what's going on with passive, proximity-based
connectivity offered by RFID and NFC. For example, Thinfilm's plans with
printed electronics warrant attention."
These findings are from ABI Research's "Internet of Everything Market
Tracker" product, and part of the Internet
of Everything Market Research (https://www.abiresearch.com/market-research/service/internet-of-everything/).
ABI Research provides in-depth analysis and quantitative forecasting of
trends in global connectivity and other emerging technologies. From
offices in North America, Europe and Asia, ABI Research's worldwide team
of experts advises thousands of decision makers through 70+ research and
advisory services. Est. 1990. For more information visit www.abiresearch.com,
or call +1.516.624.2500.
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