A mysterious report by Infoholic Research LLP estimates the global Internet of Everything (IoE) market at almost $24 trillion within the next four years.
The report costs $3,500. Therefore, we asked Research and Markets, the hosters of the report, if they could provide us with a full, abridged or summary version so as to judge its authenticity. Unfortunately, we were informed by Research and Markets that they do not have a full copy, they only host it for sale. They directed us to Infoholic Research as the producers of the report . We enquired whether Research and Markets undertakes any verification or authentication of reports they host, but we have not yet received a reply.
We further asked the same questions to Infoholic, but they have not yet commented. Although all companies do seem legit, we cannot verify the claims of the report.
However, in our research, we did find a reputable company, Cisco, and a number of free reports by Cisco, which estimate the IoE market at an incredible $19 trillion within the next decade across the public and private sector.
The IoE market is a broad umbrella term for things connected to the internet, such as smart grids, smart homes, smart cities, smart contracts or smart currencies such as Bitcoin and Ethereum. It incorporates cloud data and data mining, gathering and processing. For example, street lightning could be more responsive based on analysis of internet based data, thus reacting instantly to surroundings, in the process saving millions or more.
Currently, we are at the stage of building the infrastructure, that is, connecting things to the internet. Things such as the electricity or heating system in one homes, factory or business as well as machines themselves. According to the Cisco report [PDF], there are about 10 billion things globally connected. A rapid growth […]
