Internet of things continues to buzz

Bee swarm - Wikimedia CommonsAlthough there is still a lack of standardisation for the Internet of Things (IoT), a bullish report suggests the market worldwide will grow by 19 percent this year.

The forecast, from IDC, is even more bullish about the future. For example, it estimates that the IoT market in manufacturing will be worth $98.8 billion by 2018.

Digital signage will be worth $27.5 billion in 2018, that’s up from revenues of $6 billion in 2013.

But IDC predicts strong growth in “connected vehicles”, with the market growing by 34.8 percent this year.

IDC is concentrating on 11 vertical industries including home, retail, healthcare, government, manufacturing and transportation.