Welcome!

Related Topics: @ThingsExpo, Mobile IoT, Containers Expo Blog, Agile Computing, @CloudExpo, @BigDataExpo

@ThingsExpo: Blog Feed Post

@ThingsExpo | Google and Samsung Lead IoT Land Rush [by @AriaSystemsInc]

The Smart Home is but part of the emerging trend toward the Internet of Things

Google’s and Samsung’s Smart Home Deals Lead the Internet of Things Land Rush
By Marie Martin

If you’re like me – with my busy schedule and all – it’s easy to forget things, especially when I am in a rush to get out of the house for work or for some critical appointment.

Usually my mind is fixated elsewhere. I invariably have to ask myself whether I’ve switched off the iron or whatever appliance I happened to be using before I left. Oh, and did I lock the door?

Somebody could make a million bucks if they came up with a device that remotely shuts down any appliance large or small (not to mention the lights), and makes sure everything is locked up. Oh, wait! Somebody already has.

IoT

Such devices and connected technologies exist today, and the sector is driving the leading edge of the Internet of Things under the label of the “Connected Home” or “Smart Home”. Fact is, some pretty traditional low-tech concepts are becoming technology-enabled, such as/including locking doors, turning on the lights, heating the home, etc. What this means is that technology companies are broadening into areas that have historically been outside of their business plans. Apple is in the fitness business. Google is in the heating business. Samsung is in the appliance business. Others include cable TV and Internet provider Comcast, and the Schlage-brand lock maker Ingersoll Rand.

By itself, the U.S. Smart Home market, already generating around $14 billion in sales, is going to jump to $39 billion by 2019. That’s according to a recent forecast by market research firm Strategy Analytics. This technology tsunami represents a major market opportunity for service and technology providers over the next five years.

The market could be worth billions and billions of dollars when properly monetized. And that’s just in the U.S. Why do you think Google purchased Nest back at the beginning of the year for $3.2 billion? Google’s not done yet. It recently followed on its Nest deal with a $555 million purchase of Dropcam, which is developing sticky pads tied into a network that can relay notifications when your door, gate or window flies open. Google is thinking about the big picture here. And it’s motoring into position for a race that it wants to win.

In early August Samsung plunked down $200 million to purchase SmartThings, which builds a “smart hub” that allow users to monitor, control and automate all of their appliances and devices at home. It followed up that deal a short time later with yet another deal, the purchase of home and office air conditioner distributor Quietside.

Just imagine: IoT devices monitoring your air conditioner, regulating temperature and keeping track of how the motor and compressor are running, and if something goes wrong, the same devices call in a repairman with a checklist of what’s to be done. And then send you an invoice to your smartphone.

Like I said, the Smart Home is but part of the emerging trend toward the Internet of Things. Here at Aria, we’re seeing similar advances in connected cars and smart health.

In a few years, just about every touch point in our day-to-day lives will have a digital as well as physical component. Morgan Stanley extrapolates Cisco Systems data to predict that there will be 9.4 devices out there for every person, or an eye-popping 75 billion devices.

The IoT lift-off has already occurred, and the launch is accelerating right before our very eyes. In 2014, 100 “things” are connected to the internet for every second of every hour of the day. By 2020, that number will jump to 250 “things” per second.

But it doesn’t come free. We’ll have to pay for all of this. That’s why monetization platforms will underpin the IoT economy. It will be no small task to keep up with monitoring, measuring, metering and provisioning services from the vast number of devices tied into the global network.

And it doesn’t end there. There’s going to be hundreds of millions, if not billions of dollars, made from new technologies that secure these smart networks from intruders, and to tie all of these disparate, proprietary systems into a cohesive fabric with middleware that will make it all run smoothly with a high level of privacy and security. The market possibilities are endless ─and enormous. There are dozens of next-generation Apples, Googles and Microsofts waiting to be born. It’s too big to pass up.

You in? I’m in! And not because I work at Aria, who’s already helping companies monetize these tremendous opportunities in front of them. I’m in because I expect the IoT to work for me too – even if it costs me good money to shut down to shut down appliances like my curling iron once I’m out the door.

Marie Martin

The post Google’s and Samsung’s Smart Home Deals Lead the Internet of Things Land Rush appeared first on Recurring Revenue Blog | Aria Systems.

More Stories By Aria Blog

The Aria blog is the place for news, commentary and discussion on monetization, agile billing and IoT. We cover a variety of topics including forces of market disruption, the Monetization of IoT, billing best practices, trending news and what monetization will look like in the future. Our hope is that you’ll become better informed, be entertained and in turn share your thinking, ideas and comments.

Latest Stories
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
SYS-CON Events announced today that Isomorphic Software will exhibit at SYS-CON's [email protected] at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, high-productivity enterprise web applications for any device. SmartClient couples the industry’s broadest, deepest UI component set with a java server framework to deliver an end-...
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today BZ Media LLC has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and Commercial Drone markets.