Disclaimer: This piece of the article does not encourage any investment advice. The investment data and information mentioned in this article is the outcome of the research from market experts. Consider it as educational material.
By the end of 2020, the Internet of Things (IoT) is expected to approach trillion dollars as several start-ups, and renowned companies suddenly show interest in big data projects. The endless benefits of IoT open the door of opportunities to the investors; they are keeping a strict eye on the IoT stocks.
Report shows, investors are more interested in investing start-ups rather than already established IoT companies as these companies are doing various innovative projects which are amazing for the IoT space.
Let’s take a look at the list of big companies that are preparing themselves for prominent IoT projects.
Amazon is performing great with the onset of Amazon Echo, the smart speaker. This was their first voice assistant project, which is performing great in the market. Alexa has become one of the most favorite appliances of the youth due to its smart features and interesting interacting capacities. To date, Alexa has more than 50,000 skills.
In spite of the early lead of Amazon, Alphabet, Google’s parent company, was a true competitor of the Google Home Smart Speaker. In 2018 Google Home got around 600,000 users who are far more than Amazon echo, but this focus has been shifted to Alexa, thanks to the marketing strategy.
Industrial Internet of Things (IoT) has always been the prime focus of this company; they always give special emphasis on the integration of digital technologies into the manufacturing industry. For that, they prioritize information rather than physical machinery; they replace physical labor from those areas that traditionally used to run on the physical strength.
One of the pioneer names in the Internet of Things (IoT) is Verizon. It raced out ahead while T-Mobile jumped into the IoT pool in 2008. They were the first to come up with a 5G network in the U.S. they continue to be the market leader till the next decade.
With the home pod, Apple has also entered the market with IoT. But unfortunately, this device yet not received as many footfalls as Amazon Echo and Google Home. But in the wearable space, this tech giant has managed to get ultimate success; Apple watch is the biggest proof of that, it still continues to lead the smartwatch market.
In our list other than the technology companies, this food delivery company also makes its place. This on-demand meal delivery company checks every meal box with an amazing IoT application. Mobile delivery penetration makes it easier than ever before.
Visa and MasterCard
These two credit and debit card leaders upscale the operation market with the IoT technology. The traditional payment method has been shifted to the online transaction and this invention is huge. It is not only cost-effective but saves a substantial amount of time. Connected device payment adaptations are increasing every year along with that these two companies continue to lead the transaction market.
IoT has fuelled the transformation not only for the enterprises but also for governments and consumers. Dynamic tools like voice assistant, smartwatch, app-controlled devices, artificial intelligence, machine learning and mostly 5G are enabling these huge technical upgradations. These devices give more control to the operator. The growing force in the IoT industry spread across all organizations. The IoT industry is expected to grow more in the near future along with various connected devices.
A few highlights of the Report
Super-fast 5G networks will shape the telecommunication industry with transformative possibilities.
Tanaya is a Senior Content Developer at IoT Avenue who helped to build the content of the site along with several other sites with her compassionate SEO driven content. She is also a HubSpot, certified Content Marketer. She brings her five years of experience to her current role, where she is dedicated to developing the content of different websites.
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