Tag Archives: Internet of Things (IoT)

What is IoT – Internet of Things – Market Size of IoT in 2017 and Forecast 2022

The IoT or Internet of Things is generally described as connection of various devices to the internet using sensors to capture key information, statistics, and communicate the data with one another.  The US National Security and Telecommunications Advisory Committee (NSTAC) has defined IoT based on three shared common principles of devices, platform and intelligence. Market Size The worldwide IOT market was estimated at US$800 billion in 2017 as per a few technology market research.  The Read more [...]

Disruptive Innovation –How will Disruptive Innovation Shape the Future of Market? – New Technology Innovations that will Disrupt the Existing Market

A lot of new companies, and a few existing players in the market have contributed toward disruptive innovation in the recent past.  Companies such as Amazon, Netflix, Uber, Airbnb have changed their business models or modified their competitor’s business models to establish new market for themselves.  Some of the transformation that resulted in market disruption due to change in business models is shown in the figure below: With all the above transformations, disruptive innovation has Read more [...]