Cloud Computing: 5 Companies That Will Dominate Consumer IoT Market – Part 1

May 26, 2015 Off By David

Grazed from Forbes. Author: Janakiram.

Internet of Things is no more a science fiction. From smart homes to connected cars to smart healthcare, consumers and vendors are gearing up for the next big thing. There is more to IoT than those fancy wristbands, gadgets, and watches. From chip manufacturers to communication providers to platform vendors to cloud providers, the IoT ecosystem is complex and diverse.

Like most of the technology segments, no single player will be able to dominate this market. But there are a few companies that are well-positioned to exploit the opportunity that exists in consumer IoT. They have a high brand recall, right design elements, proven leadership in software and substantial investments in infrastructure. IoT story has two sides to it – one is the consumer play, and the other is the software and infrastructure…

Though many traditional hardware and platform companies are aspiring to ride the wave, only a few will become relevant to consumers. A successful IoT platform requires broad penetration into the digital lifestyle segment, a software platform combined with a healthy developer ecosystem, and a massive infrastructure at disposal to deal with demanding computing, storage, networking and database needs. There are only a few entities in the industry that have all these capabilities. Here are five companies that are poised to be most valuable companies of consumer IoT market (Listed in alphabetical order)…

Read more from the source @ http://www.forbes.com/sites/janakirammsv/2015/05/25/5-companies-that-will-dominate-consumer-iot-market-part-1/