That’s according to financial company Hampleton Partners, which said in a report that vendors have spent over $9 billion in the marketplace in the last few years in a bid to put their stake in the ground.
And early players in that market include Google, Samsung, Verizon and others. Apple wants to make a play in the market too.
In the next year, Hammpleton thinks that other companies will make acquistions in the next year or so to get into a market estimated to be worth many billions by the end of the decade.
Those include Intel, TI, Texas Instruments and AT&T.
One of the problems is that when there are countless devices equipped with semiconductors and the ability to be connected to the internet, is that there are few standards and so far few attempts to create such standards.
Estimates vary about the number of devices connected by the end of the decade but it’s certain the number will be in tens of billions. Each device, however, will cost very little – money to be made will be in the way such things are interconnected and structured.