March 6, 2015

Verizon Releases New Report on the Internet of Things

Verizon Enterprise Solutions just published a report on one of our favorite topics: The Internet of Things. Verizon’s report, “State of the Market: The Internet of Things (IoT) 2015: Discover How IoT is Transforming Business Results” outlines how technological, political and social factors are driving enterprises to increasingly adopt IoT-enabled solutions.

Here are some quick and interesting facts from the report:

  • IoT’s impact on energy and utilities:  94M smart meters were shipped worldwide in 2014, and the total installed base will reach 1.1B by 2022.
  • IoT’s impact on manufacturing: 53% of manufacturers will offer smart products by 2016.
  • IoT’s impact on transportation: 26M people will use car sharing by 2020.
  • IoT’s impact on towns and cities: 148M Americans live in areas with unhealthy levels of air pollution. IoT can monitor air and water quality in real time, supporting action to clean up the environment.

To access and read the full report, click here.

Tags: Andrew Der , Verizon Ventures , Internet of Things , Verizon Enterprise Solutions , IoT