The Internet of Things (IoT) already is proving disruptive, and will only continue to pick up momentum in the years to come. The IoT market could emerge into a $290 billion market by 2017, with 30 percent year-over-year growth, as more consumers and companies embrace connected technology.
Apple co-founder Steve Wozniak is excited about IoT development, but wonders if the IoT market could one day face the same problems the dotcom era did when it crashed in the late 1990s: "I feel it's kind of like a bubble because there is a pace at which human beings can change the way they do things. There are tons of companies starting up," Wozniak recently said during the World Business Forum.
Even with concern of an IoT bubble from Wozniak, that certainly isn't stopping companies. Google has its Brillo OS, while Huawei also is developing an IoT-centric software platform - and there are plenty of hardware and software developments currently underway.