One thing is for sure, the internet of things industry is on rise and it is further solidified by the fact that IoT startups bagged over $31 billion investment in last five years. Telco and tech firms spent over $$31bn on IoT-related investments and acquisitions between 2011 and 2015, according to new research by market researcher Ovum.
“Using data from Ovum’s IoT Investments Tracker, Ovum tracked 76 deals across 8 sectors, including IT services, wearables and connected car,” the agency said in a statement.
Acquisitions/Investments in IoT Startups (2011-2015)
While IoT startups saw investment from various investors, Chip maker Intel led the charge with its $16.7bn acquisition of chipset maker Altera, while Verizon, Google and Qualcomm each made at least one acquisition over $1bn during the reporting period,” said Francesco Radicati, senior analyst, Digital Service.
The number of acquisitions of IoT startups grew from four deals in 2011 to 19 in 2015, while the number of investments peaked in 2013, as companies such as Fitbit attracted more interest from the tech and telco sectors. The biggest single investment in 2015, a $115mn Series D round for ultra-narrowband network provider Sigfox, was made by a group including venture funds from Telefonica, NTT Docomo and SK Telecom, Ovum said in a statement.