What Are The Five Main Markets of IoT?

The Internet of Things (IoT) is accelerating at an impressive speed, forecasters predict 25 billion devices will be online by 2020, creating over 300 billion in opportunities for companies involved. Even with this considerable growth coming in the next five years, most enterprise folks still don't understand or aren't invested in the IoT revolution. Management consulting firm Bain & Company believe that's due to misrepresentation on the definition of IoT. In a new report, Bain & Company cut the IoT pie into five slices, which it calls the "major emerging battlegrounds" that will define the industry: Apple, Google, Samsung, and other mobile leaders will extend their reach to customers by launching new products in the autonomous, robotic, and smart home categories. We are already seeing the battleground emerge, Samsung acquired SmartThings, Google acquired Nest Labs, and Apple launched HomeKit.