The market for “connected living” or...
The market for “connected living” or the “ubiquitous connectivity” of video and data services in the home, work and public square is estimated to be $731.7 billion by 2020, said business consultant Frost & Sullivan in a news release Monday.…
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“Cloud computing, big data, mobility and low cost sensors are driving the internet of things and connected industries,” said Frost & Sullivan’s Audrey William, head of information and communications technology research in New Zealand, in the release. “The internet of things is forcing transformation and innovation across the connected home, workplace and city,” he said. Of the $731.7 billion, “connected city” will contribute 54 percent or “an estimated market potential of $392.94 billion,” said the release. “Connected work” will make up 31 percent or $228.44 billion, it said. “Connected home” will be 15 percent or $111 billion, it said.