Frost & Sullivan analysts name major trends of the IoT market in 2017
Recently, Frost & Sullivan consulting company has published the results of its research called European Internet of Things Outlook 2017.
The report describes a current condition of the IoT industry as well as presents forecasts regarding its development in the near future. In particular, researchers inform of the popularity burst of blockchain and machine learning IoT technologies. They also stress the increase in the number of venture foundations focusing on IoT project support.
Frost & Sullivan’s review also highlights Internet of Things market trends that will be relevant throughout this year. Well, the experts believe that there will be an active implementation of LPWAN technologies and a whole range of new IoT platforms in 2017. Besides, developers will pay more and more attention to cyber security issues, while IoT market players will keep taking over smaller companies.
Frost & Sullivan analysts consider that positions of the so-called consumer Internet of Things will become stronger starting this year. Common customers will more actively use IoT applications and gadgets.