Federal IoT market to reach $3B by FY18

Mark Wisinger

By Kevin Shaker and Mark Wisinger, senior analysts

The internet of things today is what cloud was five to six years ago. A lot of people are interested in it and buying IT solutions that comprise IoT in disparate ways.

This is an exciting time for the IT industry because companies can influence how the market is shaped since it’s still so new. IoT is not a discrete technology but rather a wrapper encompassing many different technologies, and these solutions are ramping up in a big way through the growing amount of sensors and data.

The big picture projection is that $6 trillion will be spent on devices and IoT software across all industries in the next five years, according to Business Insider’s Business Intelligence research. We predict the federal IoT addressable market will hit $3 billion in FY18, up from $2.5 billion spent in FY16.

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New IoT Security Principles On the Way

Tom O'Keefeiot-security_blog090816By Tomas O’Keefe, Consultant

If you want to look for a growing area of investment in federal IT, look no further than securing the Internet of Things (IoT).

There’s been a lot of recent talk about the IoT, with one of the latest conversation led by the National Institute of Standards and Technology (NIST) at an August 31st workshop to help industry get a grasp on the roadmap the federal government is pursuing in the coming year. IoT leaders across federal agencies will outline strategic principles that will guide near-and-long term purchasing decisions in securing internet-connected devices.

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Internet of Things: 3 Areas of Opportunity for COTS Vendors

IoT_KSKevin Shaker_65 x 85by Kevin Shaker, Analyst, Market Intelligence

The Internet of Things (IoT) is more than just a buzzword, it’s a full-blown reality. IoT is essentially the composition of multiple electronics, sensors, software, and device endpoints that communicate with each other by exchanging data and signals. Think of the IoT as a robust network of working and moving parts that change their habits and functions based on information between sensors. The Internet of Things is transforming the way business processes are conducted from security and surveillance to telemedicine and healthcare (just to name a few). Read more of this post

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