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Analysts: Four Tech Tools to Dominate 'Internet of Things'

Forecast says 50B online devices by 2020

Market analysts have tagged four connected devices that could emerge as the most ubiquitous in the coming years as more consumers embrace the Internet of Things.

Kristi Essick, in a piece for the Cisco technology news site, cited the latest Raymond James & Associates research, which forecast 50 billion online devices by 2020, up from 12.5 billion in 2011.

According to Georgios Kyriakopoulos, communications infrastructure analyst at Raymond James, devices that promote efficiency, safety and intelligence gains are the ones most likely to catch on.

He put home automation at the top of the list, followed by Internet-enabled cars, wearable healthcare and fitness devices, and connected entertainment consoles.

Peter Middleton, market research analyst with the Gartner Group, agrees, predicting fitness bands, connected LED light bulbs and cars, smart thermostats and parking meters becoming as mainstream as IP set-top boxes and security cameras, video game consoles, ATMs and POS terminals in as early as three years.

Essick also quoted Forrester Research analyst Frank Gillett, who said in a December 2013 report that demand for home security devices controlled by smartphone applications are likely to pick up because they cost less than the old alternative of hiring a security company.

More Stories By Tim Watson

Tim Watson supervises all media production at Executive Mosaic, a digital media company that provides insight, information and analysis on several industries, including government contracting.

He previously produced byline coverage with the economics team at USA Today and evaluated lending proposals for the Overseas Private Investment Corporation.

Tim was born and raised in Washington, DC and holds a bachelor’s degree in Business-Journalism from Washington and Lee University and a certificate in budgeting and finance from Georgetown University's School of Continuing Professional Education.

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