The Internet of Things market is expected to grow from $1.3 trillion in 2013 to $3.04 trillion in 2020, said International Data Corp. in a Friday news release. As this market, defined as a network of identifiable endpoints communicating through connectivity, continues to emerge, a variety of vendor strategies and key players will emerge to meet customers' needs as well as grow "new revenue streams from this net new market opportunity,” IDC said. In this market, vendors, service providers and systems integrators “must co-exist and integrate products and solutions to realize success,” IDC said. IDC's findings were released in its Worldwide and Regional Internet of Things Forecast Update, it said.
Ijenko launched its IoE2 platform at European Utility Week 2014 in Paris Wednesday with a goal of bridging the Internet of Energy with the Internet of Things. IoE2 enables smart home service providers to deliver augmented consumer experiences by leveraging multiple smart home and device ecosystems, Ijenko said. The platform will enable energy and communications service providers to deliver value in their ecosystems, create a unified customer experience and grow upstream business through “increased consumer stickiness” and services, it said. Ijenko is demonstrating use cases for IoE2 with devices from D-Link, Hue, LG’s smart watch group, Nest and Xbox One Kinect, it said.
While many believe 5G networks will start to be deployed around 2020, much work remains to be done, 4G Americas said in a paper released Friday (http://bit.ly/12snKCu). The 5G networks will have to take into account the Internet of Things, the group said: “To support possibly billions of IoT devices, a wireless network infrastructure is needed that’s not only highly scalable in terms of its capacity, but can also optimally handle differing service needs of various IoT verticals.” There's also some consensus that since LTE and LTE-Advanced are still being deployed, “there is considerable life left in 4G,” 4G Americas said.
Correction: What the FCC Media Bureau shared with eighth-floor officials (see 1410220044) was information about a draft NPRM on broadening the definition of a multichannel video programming distributor, not the draft itself, which hasn't circulated, a commission spokeswoman said.