Menu
Digital signage boost triggers Internet of Things market rise

Digital signage boost triggers Internet of Things market rise

The worldwide Internet of Things (IoT) market is expected to grow 19 per cent in 2015, led by digital signage

The worldwide Internet of Things (IoT) market is expected to grow 19 per cent in 2015, led by digital signage, according to a new forecast from International Data Corporation (IDC).

The second annual forecast focuses on growing IoT use in 11 vertical industries, including consumer, retail, healthcare, government, manufacturing, transportation, and other industries, while also sizing IoT opportunities for 25 vertical-specific use cases.

Unlike any other research in the industry, the new forecast specifically highlights worldwide spending across IoT use cases, including smart appliances, automated public transit, remote health monitoring, digital signage, connected vehicles, and air traffic monitoring, among others.

The comprehensive spending model was designed to help vendors clearly understand the industry-specific opportunity for IoT technologies today.

“Working in concert with both IDC's technology and regional analysts, we have built IoT market models for key vertical-specific use cases from the ground up,” says Bob Kraus, Senior Research Analyst, Global Technology and Industry Research Organisation, IDC.

“This forecast is an invaluable tool for those business leaders evaluating the vendor opportunities in IoT for a 12-layer technology stack, which includes modules/sensors, software, installation/ongoing services, and connectivity.”

Other key findings from the new forecast reveal that the IoT market in manufacturing operations will grow from $US42.2 billion in 2013 to $US98.8 billion in 2018, a five-year compound annual growth rate (CAGR) of 18.6 per cent.

According to Kraus, growth will be driven by ongoing efforts to increase efficiency and link islands of automation.

In addition, digital signage use in retail outlets will grow from $US6 billion in 2013 to $US27.5 billion in 2018, a 35.7 per cent five-year CAGR, as retailers continue to digitise the consumer experience.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags IDCdigital signageInternet of Things

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments