Wednesday, August 13, 2014

Internet of Things Might be 5 to 10 Years Away from Widespread Adoption

How long will it take before the Internet of Things produces the significant revenues mobile and fixed network service providers expect? In perhaps five to 10 years, according to Gartner analysts.

In fact, some might argue widespead adoption could take a decade, given the huge range of potential Internet of Things applications, across a wide range of industries, some of which will adopt earlier. 

The reason is that the Internet of Things has just reached the peak of the Gartner hype cycle, a position in the adoption cycle where hopes for rapid adoption are about to be dashed. 

Cloud computing and near field communications, on the other hand, are largely finished with the period of disillusionment, which means both might soon begin a climb to mature adoption in two to five years.

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