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IoT revenue forecasts are being “dramatically inflated” says research firm

It is always refreshing when analysts downplay the potential of a hyped-up market rather than riding the wave of buzz, and this is what Strategy Analytics are doing for the Internet of Things. The value of IoT services has been “dramatically inflated”, the analysts warned in a new report, saying the global opportunity for service providers should be measured in billions, not trillions, of dollars. Nor has the market achieved mainstream status, as many believe, says the report – most deployments are in the trial phase and are small-scale, especially outside traditional machine-to-machine segments. Strategy Analytics surveyed IT decision makers in nine vertical markets in the US, UK, France and Germany early this year, and found that 35% of organizations…

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