Author Archives: Adam Wright

IoT and the Edge

The Consumer IoT Market at a Glance

consumer IoT Market Glance

The consumer Internet of Things (IoT) market is crowded and complex, with several market segments that organizations must consider when evaluating their needs. IDC’s newest snapshot of the consumer IoT market shows the wide array of technology suppliers currently in the market, and how specialized needs have become.

IDC anticipates that the worldwide consumer IoT market will witness substantial growth over the next five years as consumers become more aware of the conveniences, cost savings, and energy efficiencies that connected devices and services can provide. The market’s growth will further be driven in part by rising broadband penetration, rising disposable incomes in developing countries, and increasing consumer awareness of smart assistants. However, consumer concerns around privacy, security, costs and interoperability will constrain the market’s development for the near future.

This wave of growth has already started, as evidenced by the wide array of vendors inhabiting the consumer IoT space today. In order to break away from the pack, vendors will need to find ways to differentiate. Here are two key areas of differentiation that vendors should pay attention to:

Data Collection and Analysis are Keys to Success

Across both the DIY and managed solution segments, data collection, management, and analysis are key to evolving and growing home IoT solutions, and that data flow is contingent on diverse and early gains in users. Successful vendors will strategize around how to boost that data flow through introducing broader sets of applications, increasing the number and type of users, creating unique solution sets, and intensifying the usage of applications.

Service Delivery Strategies Are Important

Device makers should develop a long-term strategy for service delivery. While device elements such as design and reliability are necessary for success, differentiation and margins lie elsewhere. The services enabled by software provide a solution’s sustainable distinction. IoT-enabled consumer products are accelerating the consolidation of value in services while diminishing the margins in the devices themselves.

Learn more about the consumer IoT market and see what trends vendors should be aware of in IDC’s Market Glance: Consumer IoT.

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IoT and the Edge

Smart Assistants: More Than Just A Smart Speaker

Smart speaker concept

A little more than a year ago I was gifted a smart speaker by a friend for Christmas. At the time I was suspicious of installing an always-listening device in my home and had no streaming subscriptions or other smart home devices. Fast forward 12 months and I’m excited to say that I now have several smart speakers throughout my house that allow me to stream my favorite music on demand. Best of all, since they allow me to control other devices with just my voice, I also have a host of smart home devices ranging from robot vacuums to lights and cameras and streaming sticks to name just a few.

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IoT and the Edge

Today’s Smart Home Journey: What’s Holding Consumers Back?

Smart home system

Seven years ago, I embarked on my smart home journey, although I didn’t know it at the time. Being an avid gamer and student in college, I subscribed to a broadband internet service and setup my wireless home network. This allowed me to compete in online video games through my gaming console, connect my laptop to the internet, and stream movies on my tablet. What I didn’t realize back then was that I had just laid the necessary infrastructure in my home to support a lifestyle of comfort, convenience, security, and cost savings that I would come to enjoy seven years later.

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