Ovum kicked-off IoT World at the Santa Clara Convention Center this week with its IoT Futures 2017 conference yesterday, May 15th, at the neighboring Hyatt Regency Hotel. The conference was part of a brand awareness outreach effort in the U.S. by the U.K. firm.
Several top Ovum analysts got on stage to present current trends in consumer and industrial IoT. Separate panel sessions covered institutional investment and perspectives on the IoT space, and VC investment.
Some interesting data – acquisitions by technology, media, and telecoms companies of IoT-related firms reached $93.3 billion in 2016, nearly quadrupling year-over-year. Ovum reports that Qualcomm’s $47 billion purchase of NXP Semiconductors and Softbank’s $31 billion ARM acquisition were by far the largest M&A deals by tech companies in the IoT sector last year.
Cisco’s $1.4 billion acquisition of Jasper was another key 2016 highlight.
Ovum advises to expect more, and bigger, acquisitions, in the coming years.
The research firm is also bullish on low-power wide-area (LWPA) network technology, a key enabler of IoT solutions.
Ovum’s researchers presented data at IoT Futures showing how the LWPA service provider market is more diverse than the (consolidated) wireless carrier space. LWPA supports low-cost, long-battery life IoT edge devices, supporting a number of low-bandwidth IoT applications from smart city parking to asset tracking.
Big data and machine learning are also set to create new IoT opportunities, particularly as analytics processing moves closer to the edge.
We would seem to be on the cusp of an IoT world comprised low-power, low-bandwith edge devices participating in distributed computing networks, crunching data at the edge and sending only results, or only low-bitrate raw data streams.