View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
May 16, 2014

Where will the Internet of Things be by 2025?

The market for connected devices is catching fire.

By Cbr Rolling Blog

With Microsoft agreeing to sell connected home devices from Insteon, and Google’s buyout of Nest for $3.2bn earlier this year, the market for smart devices is booming.

Data collector IHS recently predicted that cloud-based home management systems is projected to grow to 44.6 million by 2018, up from 5.6 million at the end of 2013, while figures from Juniper Research revealed that global smart home services are expected to generate total revenues of about $71bn by 2018.

That makes it an attractive emerging market for existing tech giants and start ups.

The hype coincides with a survey of 1,600 Internet of Things (IoT) experts in the technology industry, law, academia, of which 83% agreed that connected devices will "have widespread and beneficial effects" by 2025.

I agree. Earlier, both Samsung and LG released smart home systems that allow home owners to control their appliances. For example a user can text their washing machine to ask "What are you doing?" and get updates from their fridge to remind them to buy food for the evening.

However, with all the benefits though, there will be privacy violation, as Justin Reich, a fellow at Harvard University’s Berkman Centre for Internet and Society, wrote this week

"There will be new ways for people to connect, as well as new pathways towards isolation, misanthropy, and depression," he said.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Read the rest of the report here:

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.