Click Fraud Protection

Connecting...

Gartner: Internet of Things creates new software vendors

News | New software vendors | IoT | Gartner

W1siziisijiwmtcvmdqvmjcvmtevmtavmjgvnzqyl2ludgvybmv0lmpwzyjdlfsiccisinrodw1iiiwimtawmhg0mdajil1d

The Internet of Things (IoT) is creating new software vendors as companies move from manufacturing “things” into first-time software vendors.

This is according to Gartner, which found that shifting product value from device hardware to the software running on the device can allow companies to maximise their revenue potential.

Gartner indicated that many makers of “things” still introduce a “box” mentality to products and do not keep in mind the extra revenue opportunities of licensing-controlled embedded software.

Many of these are first-time software providers that see a significant market opportunity in the IoT.

Laurie Wurster, research director at Gartner, said: “The IoT is creating a new type of software vendor for whom LEM is vital to protect, differentiate and monetize their offerings.

“We expect that by 2020, a failure to put in place a LEM system will result in a 20 percent drop in potential revenue generated from software for device manufacturers connecting to the IoT.”

Mr Wurster went on to say that monetising software on the devices will make it easy for them to increase and drive recurring revenue streams, leading to billions of dollars of extra value.

He added that with an estimated 25-plus bilion “things” in the marketplace, there is potential for manufacturers to collect an average of $65 of software from each of the installed units.

Gartner found that the majority of manufacturers do not, or have yet to, introduce commercial LEM systems to monetise the IoT.

The group suggested that companies will look to build LEM capabilities in-house as they already have the internal resources required to build an efficient LEM system.


Posted by Jon Aspinell on 31st July 2015

SHARE

LATEST JOBS
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

IT Support Analyst - 1st and 2nd Line...

South West London, London

£25000 - £28000 per annum

IT Support Analyst - 1st and 2nd Line - SW London Location: Clapham Salary: £28,000 plus benefits A fantastic opportu...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

IT Manager

Sutton, Surrey

£30000 - £40000 per annum

IT Manager - Long Established, Substantial Business This role would suit an established IT Manager or a highly capabl...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Marketing Manager - Gaming

City of London

£60,000 + 15% bonus

A superb, rapidly growing, multi-billion pound entertainment business that utilises cutting edge technology and every...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Marketing Executive

Mayfair

£27,000

Are you seeking a friendly, creative position within a great professional marketing team? One of the world's leading ...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Digital Marketing Manager

London, England

£45,000 per annum

A multinational, rapidly expanding E-commerce business based in Central London is looking for an experienced and pass...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndkvmduvmta4l1cxc2laaulzswpjd01uy3znrfv2twpzdk1urxznakl2turndk9euxpmmezqwxkxdgfxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Credit Controller - High Wycombe - £2...

High Wycombe, Buckinghamshire

£23000 - £27000 per annum

Credit Controller - High Wycombe, Buckinghamshire. A very well-established business is looking for a proven Credit Co...

READ MORE
W1siziisijiwmtgvmdqvmtgvmtmvmjmvnduvnza0l1jlbw90zs1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

How can you ensure cohesive communication with a team of remote workers?

Remote working is becoming increasingly adopted by organisations across the globe - whether that takes the form of an...

READ STORY

W1siziisijiwmtgvmdevmjqvmdgvntkvmtavndyyl2ltywdlmtqtbwlulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mcnuzsjdxq
Insight

Can HR tech ease workplace conflict?

Workplace conflict is mostly unavoidable - particularly when businesses hire strong-minded talent with big ideas. Ego...

READ STORY

W1siziisijiwmtgvmdevmtyvmdgvntcvmzcvmtk5l1dlbgwxyi1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

What to prioritise in your employee experience

The candidate experience has long been valued by employers looking to attract fresh talent. Now, however, companies a...

READ STORY

W1siziisijiwmtgvmdevmtavmtyvmdavntmvmtyzl0ltywdlntatbwluicgxks5wbmcixsxbinailcj0ahvtyiisijmznxgxnzajbmuixv0
Insight

What can HR expect in 2018?

HR departments are set to face many new challenges in 2018, from the technological to the traditional. Among the most...

READ STORY

W1siziisijiwmtcvmtevmjgvmtcvmdevndqvnzivaw1hz2uyni1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Advice

From communication to drive: The importance of soft skills

Soft skills are often difficult to quantify, yet they can become an absolute necessity for your business to reach its...

READ STORY

W1siziisijiwmtcvmtevmdgvmtavntqvmzivotuvaw1hz2uxns1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
News

Only one in three workers say their employers offer training

Just one-third of workers report that their employer offers regular training opportunities, a new poll by the Trades ...

READ STORY