These chipmakers, along with many others, will likely unveil more IoT-oriented chipsets next year.
3. The consolidation of the IoT chipmaking market
IoT chip business. Sierra Wireless, the world's leading maker of embedded modules and gateways, acquired a long list of other wireless players over the past few years to become a "pure play" on the Internet of Things." data-reactid="69">Last year,
Cypress Semiconductor bought
Broadcom's IoT chip business.
Sierra Wireless, the world's leading maker of embedded modules and gateways, acquired a long list of other wireless players over the past few years to become a "pure play" on the Internet of Things.
Intel acquired numerous chipmakers, including computer vision chipmaker Movidius and crash avoidance system maker Mobileye, to increase its exposure to the automotive market. These acquisitions will likely continue next year as chipmakers expand their IoT portfolios.
4. The continued growth of the wearables market
The wearables market might already seem crowded, but IDC expects global shipments to rise from 125.5 million this year to 240.1 million in 2021.
However, that market won't just include fitness trackers and smartwatches. IDC expects demand for smart headphones, connected clothing, and clip-on devices (like wearable cameras) to also accelerate.
5. A potential bubble in useless IoT devices
Unfortunately, with great hype also comes big bubbles. The land grab in the IoT market already spawned some absurd devices -- including fitness trackers for pets, smart water bottles that remind you to drink, a smart hairbrush that teaches you how to brush your hair, and a connected toaster that costs $100.
two years ago." data-reactid="76">But 2018 could be even worse, and we'll likely see more half-baked connected devices flood the market and crowdfunding sites. This could lead the market to a near-term bubble, as Apple co-founder Steve Wozniak warned more than two years ago.
6. New industrial applications
The consumer-facing IoT market will likely be flooded with useless devices, but the Industrial IoT (IIoT) market should fare better. Manufacturers are already using connected machines and analytics platforms to cut costs, streamline floor operations, optimize plants, track supply chains, and ensure compliance with health and safety regulations.