Verizon Enterprise Solutions doesn't want to miss out on more consumers and hardware manufacturers embracing the Internet of Things (IoT), strategically preparing new partnerships and alliances.
The enterprise IoT market already has more than 1 billion devices, and that number is expected to dramatically grow in the coming years. Also, the consumer market - with end users purchasing more Things - will provide a great opportunity for Verizon and other wireless carriers to provide Internet connectivity to more products.
"With limited resources, municipal leaders are being tasked with finding ways to make their communities more efficient," said Dan Feldman, director of IoT Smart Cities for Verizon, in a statement. "Towns and cities can start with projects like energy-efficient smart streetlights, car sharing and smart parking. The cost savings and revenue from those projects can then be used to help fund bigger projects, including tackling pollution and upgrading transit infrastructure."
It's hard to envision where exactly the IoT market is going, but now is the time for companies to make sure they aren't left out of the fun.