Market Size and Growth Potential

When leaving the house, most of us carry a few basic essentials: wallet, keys, and a mobile phone. In time, as the mobile phone becomes more sophisticated and enables you to unlock your home and car and pay for essentials through the magic of near-field communications (NFC), it may end up being the only thing you need when you leave the house.

Before long, average consumers will be connected 24/7, sending and receiving a constant stream of data from all the objects that surround them, from sales tags in stores to the refrigerators in their kitchens. The future this heralds is the “internet of things,” or as The Economist termed it in an article, “the internet of everything” (December 9, 2010). For now, mobile ...

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