A common theme that pops up around many of the tech companies I either own or follow involves the Internet of Things. The IoT will basically connect physical objects, devices, and sensors and allow them to do things such as communicate and share data.
Cisco (NASDAQ:CSCO) CEO John Chambers recently claimed at CES 2014 in Las Vegas that the Internet of Things would be a $19 trillion market over the next several years. The Washington Post also cited studies predicting the economic impact of the IoT. Gartner estimates $1.9 trillion by 2020 and a report by McKinsey predicts an economic impact of between $14 trillion and $33 trillion a year by 2025.
Money to be made in M2M?...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|