This IDC study presents the first Canadian vertical market opportunity for key Internet of Things (IoT) use cases. This document is designed to help clients target and attack opportunities, assign resources, and segment the market. It presents a bottom-up model with 36 defined use cases on an industry-by-industry basis, built on 15 technology subsegments. It provides a market size for 2014 and outlook for 2015–2018 while setting the forecast within the context of the IoT ecosystem, including intelligent systems, connectivity services, platforms, analytics, and vertical applications in addition to security and professional services required to build out a complete picture. This study discusses the key vertical market trends contributing to growth of the IoT.
According to Nigel Wallis, research director of Vertical Markets and New Initiatives, "Over the next 10 years, the Internet of Things market will see significant vertical-focused growth. To tap into this fast-growing market, IT vendors will need to pinpoint the largest and fastest-growing industry opportunities and create solutions that address the unique business processes specific to each industry use case."