My Life Graphic / Shutterstock.com
Practising and patent assertion entities are waking up to the IoT opportunity and will create a rich marketplace for patent divestiture or M&A activity, as Treena Grevatt and Anand Rohit explain.
The internet of things (IoT)—a catch-all term for the inter-connected devices that send data to and from each other—is a major, rising, market. International Data Corporation (IDC) predicts the market size by 2020 to be $7.1 trillion. There will, according to this prediction, be tens of billions of installed devices. The prediction may be optimistic—one company has described IoT as the most-hyped emerging technology of 2014—but we should still expect widespread and rapid growth in the sector over the next ten years. IoT will be an area of rich opportunity for businesses in the coming years, and especially for inventors and patent owners.
There is work to do now, to catch this rising wave of opportunity:
Market landscapes are changing and these changes and their impacts on IP must
The rest of this article is locked for subscribers only. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.
To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription to us that we can add you to for FREE, please email Atif Choudhury at email@example.com
patents; patent management; Apple; iTunes; Amazon; Google