Internet of Things (IoT) Security Market 2020 World Analysis and Forecast Till 2026

Everseen, the leader in Visual AI™ for retail asset protection, end-to-end supply chain item-level inventory tracking, and process automation, today announced its recognition in three retail categories in Gartner’s Hype Cycle for Retail Technologies, 2020: AI in Retail, Computer Vision and Smart Check-Out (Gartner subscription required).

Everseen is the only company to be recognized in all three of these categories.This marks the company’s fourth year being recognized by Gartner for AI in Retail, its second year appearing in the Computer Vision category, and its first year in the Smart Check-Out category.“With 125 dedicated AI scientists specializing in retail, and a data factory tracking more than 160M SKUs and 20M people daily, we continue to deliver AI solutions to the retail market at scale,” said Huw Lloyd, Chief Strategy Officer at Everseen.

“To us, this recognition is a nod to the long-term investments we have made in our R team and talent, and to the significant enhancements we’ve made across our customers’ businesses, ranging from the distribution center to check-out.”Lloyd continues, “Our company’s repeat recognition alongside Microsoft, Amazon and Google in Gartner Hype Cycle for retail is a reflection of our ongoing development, expanded deployment into thousands of stores and continued adoption by the world’s largest retailers.

Since its initial appearance in Gartner’s Hype Cycle, Everseen has solidified its role as an integral component in the retail tech landscape.According to the Gartner Hype Cycle for AI in Retail, 2020, “Common business use cases for AI in retail include fraud and anomaly detection, marketing, demand forecasting, multichannel order execution, smart check-out and robotic operational assistance.

Technologies commonly found in retail AI include computer vision (CV), natural language processing (NLP), machine learning (ML), deep learning (DL), and deep neural networks (DNNs).”Gartner “Hype Cycle for Retail Technologies, 2020,” Kelsie Marian, 29 July 2020Gartner DisclaimerGartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation.

Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact.

The IoT Technology Market is expected to grow from USD 176.00 Billion in 2016 to USD 639.74 Billion by 2022, at a CAGR of 25.1% during the forecast period.

Major drivers for the growth of the IoT technology market are the increasing adoption of cloud platforms, the declining cost of smart sensors, and increasing investments by major giants of this industry in the IoT market.The IoT technology market has been segmented into node component, network infrastructure, software solution, platform, and service.

The software solution segment held a major share of the market in 2016.

The significant growth in the number of connected devices and the requirement for data storage and analysis are the key factors leading to the dominance of this segment.Get PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=258239167The IoT technology market for the BFSI end-use application is expected to grow at the highest CAGR from 2017 to 2022, followed by building automation.

The mass adoption of online banking, contactless payment, and mobile banking apps has increased significantly.

Banks are trying to create intelligent and personalized customer cross-selling opportunities, which would drive the market of IoT technology.Target Audience:Raw material and manufacturing equipment suppliersSemiconductor wafer vendorsFabless playersEDA and IP core vendorsFoundry playersOriginal equipment manufacturers (OEMs)Original design manufacturers (ODM) and OEM technology solution providersDistributors and retailersResearch organizationsTechnology standard organizations, forums, alliances, and associationsTechnology investorsOperating system (OS) vendorsContent providersSoftware providersThe companies profiled in this report are Intel (US), QUALCOMM (US), Texas Instruments (US), International Business Machines (US), STMicroelectronics (Switzerland), General Electric (US), Hewlett Packard Enterprise (US), Cisco Systems (US), Microsoft (US), Amazon Web Services (US), Symantec (US), PTC (US), and Alphabet (US).

The kitchen has always been a natural home for gadgets, and it's the room which is most likely to be transformed by the Internet of Things. Here’s a summary of how the IoT world could play out when it comes to your kitchen.

IoT devices go through one-time authentication which makes them vulnerable to infiltration and nefarious attacks, with each type vulnerable to different kinds.

Some primary forces driven by the adoption of IoT are:

Creation of Business Opportunities: The connected world of devices, people and data helps create numerous business opportunities for many sectors.

Strategic Decision-Making: Real-time updates offer resources to improve decision making and make fact finding more accurate.

Reduction in costs of Components: Costs of IoT components have significantly gone down, which effectively means that the cost of IoT-linked devices is getting more affordable day by day.

Internet of Things ecosystem is growing at a rapid pace.