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IoT Investment Heats Up in January 2017 – Harbor Research
Read our take on the key investments in IoT in January. From startups to large companies this report looks at the important movements of top companies.As the first of many, “Monthly IoT Investment” articles by Harbor Research, we’d like to start with a quick primer on why you should care about this technology transition.
- Shipped connected devices should scale from 3.87B in 2016 to 14B in 2022, at a 24% CAGR (Source: Harbor Research)
- Network services revenue will grow from $81.7B in 2016 to $295B in 2022 (Source: Harbor Research)
- The value added applications of asset management will growth at a 34% CAGR to $184B in 2022 (Source: Harbor Research)
- Installed devices in Building and Facilities will grow to $12.7B in 2022, at a 27.6% (Source: Harbor Research)
ndustry Displaced Company Emergent Winner Summary Maps Rand McNally Garmin, then Google 150 year old Rand McNally files for bankruptcy in 2003 after the online mapping revolution from MapQuest, Garmin, Yahoo, and eventually Google gave users the ability to search and route locations quicker without any fees. Movie Rentals Blockbuster Netflix From a peak market cap of $5B, Blockbuster filed for bankruptcy in 2010. Photography Kodak Shutterfly, Apple Kodak filed for bankruptcy in 2012, from a peak market cap of $30B when they resisted the transition of camera hardware into integrated offerings like phones or computers. Retail Radioshack, Macy’s, Borders Amazon An estimated $50B in annual sales have been displaced by Amazon’s e-commerce platform. (Source: Harbor Research)
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