Investors looking to profit from the Internet of Things (IoT) — in which every device digitally communicates with every other device — need to know which sectors of that fluid market have the most room to grow.
A recent study by market analyst VisionMobile shows that the IoT’s industrial sector is virtually mature already (factory floors populated by robots) while the “smart home” sector is still in its infancy, dominated by hobby programmers.
The study reports that the other less-mature sectors, in order of immaturity, are wearable technologies, connected cars and smart cities. Other IoT domains already maturing are medical devices and retail applications.