The Internet of Things represents a big opportunity to drive growth for both UK and worldwide economies. According to IMS Research, governments will play a key role in defining the regulations that will propel shipments for M2M communications modules to more than 118 million units by 2016, especially in the automotive sector.
The first forum will meet on August 24 in the UK and will be chaired by Gary Atkinson, who leads the Internet of Things initiative at ARM.
“In the next five years, over £2.4 billion will be spent in the UK on smart home energy management devices, ranging from smart meters themselves to in-home devices that are connected to them. This is a great example of an Internet of Things application, but is only a fraction of the market that will open up over the next 15-20 years,” said Atkinson.