IoT in Retail - with Industry 4.0 support

The Industrial Internet is growing exponentially - our estimates are that there will be an excess of 35 billion connected devices by 2020.

• Bain predicts that by 2020 annual revenues could exceed $470B for the IoT vendors selling the hardware, software and comprehensive solutions.
• McKinsey estimates the total IoT market size in 2015 was up to $900M, growing to $3.7B in 2020 attaining a 32.6% CAGR.
• General Electric predicts investment in the Industrial Internet of Things (IIoT) is expected to top $60 trillion during the next 15 years.
• IHS forecasts that the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025

-- Source: Forbes louiscolumbus/2016/11/27/

Forrester predicts fleet management in transportation, security and surveillance applications in government, inventory and warehouse management applications in retail and industrial asset management in primary manufacturing will be the hottest areas for IoT growth. Forrester also found enterprises are more likely than smaller companies to use IoT. 23% of global enterprise respondents use IoT, but only about 14% of small and medium-size business (SMB) respondents do. For example, Lufthansa Airlines is using real-time aircraft, airport, and weather sensor data to improve on-time performance and optimize operations.
Source: Forrester, courtesy of Cloudera (reprint)

Various IoT forecasts, some of them being already exceed portend to a plethora of issues related to Reliability, Security, Connectivity and Control. The Retail industry has alread shown signs of early adoption with RFID, Beaconing, Presence and Activity Sensors, Shelf Displays and Labels, Loyalty tokens, audio+video players and similar customer engagement devices.