The opportunity to Internet-enable all types of devices is vast and the potential financial rewards are huge. It seems that almost every company, be it one focused on consumers, the enterprise, products or services, is executing or developing on an IoT strategy. Arrayent specializes in solutions that enable consumer IoT, so we are keen observers and participants in how that market is progressing.
We think the consumer IoT market opportunity is real. One doesn’t need to travel to CES to witness the products that can be managed and used through the Internet. A quick look around your local Lowe’s, Home Depot, Staples and Amazon shows an abundance of connected product offerings. These retailers deliver on the promise to increase peace of mind, add convenience and save money that connected products can provide. The retailers are being supplied by an increasing number of consumer product companies that seek to engage more deeply with customers and learn about their behaviors to build better products and serve customers better.
What is in store for consumer IoT in 2016? In the coming weeks, we’ll take a closer look at specific IoT trends and how Arrayent contributes to this massive shift in how consumers interact with everyday products and services. Check back to the Arrayent blog for forthcoming pieces.