In a comprehensive review of the internet of things (IoT) landscape, FirstPost published an article focusing on the mergers, acquisitions, and initial public offerings (IPOs) of IoT startups. With over 5,000 startups vying to make a mark in both vertical and horizontal IoT technologies, the IoT market is red hot.
Traditional, non-technology companies have tried to avoid digital disruption, strategically jumping into IoT acquisitions to complement their offline offerings.
Tech leaders have also seen attractive opportunities to extend and combine their solutions with the IoT. In 2016 SpaceTime acquired the highly-scalable GOFACTORY cloud service to capture and analyze data from connected assets, systems, and people in real-time.
With over 5,000 startups participating, where the IoT market, particularly the industrial internet of things, will settle into remains to be revealed. To be sure, the visionaries who combine the most attractive IoT providers into robust solution sets will have a headstart over the industry laggards.