Over the next decade, the Internet of Things is expected to present a revenue opportunity worth almost $68 billion (£44 billion) in residential devices alone. The current problem with the IoT is the amount of players and standards battling to become the key player in the lucrative space, creating a significant hurdle for developers wanting their slice of the pie.
Verizon has announced their IoT strategy this morning which aims to simplify "things" for developers and help to accelerate market adoption. The cornerstone of Verizon's IoT announcement is the launch of ThingSpace, a new IoT platform which allows developers to create applications, customers to manage devices, and partners to market their services.
Rather than having to consider all of the politics which plagues the Internet of Things, this allows developers to focus on building applications with the rest of the management and marketing being left to Verizon's partners. With an ecosystem of more than 1,000 channel partners and revenue from its IoT and telematics solutions totalling $495 million year-to-date, Verizon is generating one of the largest amounts of revenue from the Internet of Things of any company in the US.
Along with access to such a vast ecosystem, developers will also benefit from Verizon's big data analytics for IoT deployments. Verizon, unofficially known as "Big Red" due to its amount of subscribers, has also introduced three new end-to-end solutions for smart cities; Intelligent Video, Intelligent Lighting and Intelligent Traffic Management.
This article has been extracted from http://www.developer-tech.com, please click on this link to read the article in full http://www.developer-tech.com/news/2015/oct/29/verizon-simplifies-iot-developers-thingspace/
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