Internet of Things Developers Making Their Money Back
Of those surveyed, 45 percent are developing IoT apps, with developers based in the U.S. creating the highest number of IoT apps.Nearly two-thirds (65 percent) of Internet of Things (IoT) apps in production today are generating real revenue, according to a global survey of 675 application developers by Harbor Research and Progress Software. The surveyed developers also expect this figure to rise to 80 percent by 2018. The industries currently leading in IoT development include smart homes, wearables, automotive and sports and fitness. "IoT is a very large space and the revenue varies with the industry," Eduardo Pelegri-Llopart, vice president of technology for Progress Software, told eWEEK. "As our survey indicates, the largest opportunities today are around wearables, fitness and smart homes.” For example, in the space of fitness, the revenue comes from selling the bundle of hardware and software--on the device and on the cloud--that provides the experience to the consumer. "In the industrial space, the revenue comes from an improved understanding of the business, operational, and service efficiencies," he explained. "For example, additional information about the conditions of vehicles can reduce maintenance costs."
Of those surveyed, 45 percent are developing IoT apps, with U.S. developers creating the highest number of IoT apps (58 percent), followed by The Netherlands (50 percent) and Germany (43 percent).