The CEO of analyst firm Beecham Research has hit out at the hype surrounding
the IoT and the potential revenues some are predicting it will create.
Amid some forecasts of IoT revenues in the trillions of dollars, Robin
Duke-Woolley said everyone needed to “get real” about the potential size of the
market.
Taking the total GDP of the United States – currently $18 trillion dollars
annually, according to the IMF – as an example, the CEO said that to suggest
revenues from the IoT would approach even 10 percent of this over a 5-10 year
period was “unrealistic and unhelpful”.
Last month, Orange’s VP of Digital Innovation outlined how the France-based operator aims to generate €600
million in revenues from connected objects by 2018.
In August, Gartner placed the IoT near the top of its annual
hype cycle.
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