Smartphone use eating into IoT’s $3 trillion future

Though the market for the Internet of Things (IoT) is projected to reach a staggering $3 trillion globally by 2025, that forecast has dimmed partly due to broader smartphone capability. Fortune mentioned an IoT report by Machina Research that lowered its forecast for part of the IoT market. Previously it projected the devices-and-services segment of the IoT […]


Smart technology bringing smart revenues

The Consumer Technology Association (CTA) has reported that sales of tech products, such as drones, wearables and smart home appliances will increase 1.3 percent above last year’s industry revenues. The popularity of smart technology and the increased awareness about the Internet of Things should end up pushing the consumer technology industry within the U.S. to […]


Samsung buys Joyent to kick off $1.2 billion investment in U.S.

Samsung is pumping up its cloud-based capabilities with the acquisition of San Francisco-based Joyent for an undisclosed amount. Information Week reports that Joyent’s private and public cloud computing services will support the South Korean electronics giant’s Internet of Things (IoT), mobile and cloud-based lines of business. “Samsung evaluated a wide range of potential companies in […]