3. Startups: The New Kings On The IoT Block Potential And Impact Of Startups Sectors Ripe for Startup IoT From a startup perspective, this Startupbootcamp accelerator innovation means abundant opportunities programs. The following sections Additionally, Gartner predicts that to shape and innovate in sectors will share key insights from the by 2020 there will be 20 billion traditionally not known for captured data. connected devices. These smart innovation are. Nevertheless, devices, however, go beyond our with new opportunities come smartphones and watches. They challenges - both for these new extend to factories, healthcare, innovators and the industries they manufacturing, and many more. are working in. Indeed, according to Intel, the To understand the current Internet of Things industry could landscape of the startup IoT be worth $ 6.2 trillion by 2025; space, we have looked at data with manufacturing, healthcare, captured from hundreds of retail, security and transportation startup companies that have taking the lead. applied to three IoT-focused Word cloud based on the markets “Gartner has predicted startups reported to be working on In recent years, the potential, Furthermore, a report published that by 2017, 50% of IoT impact and market value of the in October 2015 by the market Internet of Things has been at research company indicated solutions will come from the forefront of conversations. the top 100 IoT startups in the From dubbing IoT as the next big world had a combined funding startups.” industrial revolution, to predicting of $6.19 billion. According to CBI the impact the industry will have Insights, IoT startups received the on every aspect of society, to highest in funding deals involving estimating its trillion-dollar market corporate investors–during value, it’s clear that the industry is the third quarter of 2015. The ripe with opportunity. research company also reported Established technology giants, and that Intel Capital was the most forward-thinking corporations active corporate investor. have moved quickly to claim It’s not surprising then that the their place in the development widely published research from and adoption of things and Gartner© has predicted that by devices connected to the internet. 2017, 50% of IoT solutions will However, the IoT industry has come from startups that are less another key player: startups. than three years old. There are 2284 IoT startups listed The company further states that © in the Mattermark database. it’s these young startups that will shape and pave the way for the mass adoption of IoT into businesses and by consumers alike. 8 9