The Internet of Things Report: 2014 UpdateJune 10, 2014 Posted by: Steve Allan
Download the Full Report (PDF)The Internet of Things: 2014 Update is based on an SVB Analytics report published in 2013 and reflects recent developments in the IoT sector.
Among the findings: Despite its enormous potential, there remain significant business and technical hurdles to overcome for adoption of the “Internet of (Every)thing.” Until compelling use cases are translated into directly viable business cases, IoT adoption will proceed slowly. In 2013 we predicted a Series A crunch that never came. Instead, a torrent of crowdfunding filled the gap, pushing many IoT companies into later stages. More importantly, this has served as a “pre-vetting” process, allowing market feedback before a product launch. Encouragingly, industry has responded to some of the biggest challenges—fragmented networks, power sources, and retro-fitting—in the last year, and progress has been made (though at times uneven, e.g. consumer retro-fitting v. industrial adoption). In spite of these headwinds, significant opportunity exists. We continue to see the greatest opportunity in energy and home management, healthcare, and enablement technologies. The former two witnessed a strong year since our first report was published, though enablement on the consumer side has progressed more slowly. Looking ahead, we continue to see slower adoption of IoT until clearer business cases can be made. We also believe that crowdfunding will play an increasingly important role in IoT validation and vetting, representing an accelerant in the market. Finally, we expect to see a rise in consumable analytics that will drive IoT adoption by impacting real-time behavior.View on Slide Share The Internet of Things - 2014 Update from SVB Financial Group Read More