By Karyn Hodgson
SDM Magazine quoted Identiv CPO Phil Montgomery today in its cover story, “The Internet of [Security] Things”. The article opens:
How do you eat an elephant? It is an old joke, but when it comes to the Internet of Things — or the IoT — and its potential impact on security, it’s an apt analogy. The IoT is a concept so large and amorphous that even experts have trouble defining it, much less being able to say when it will be here in the security space. Opinions vary from the IoT being mostly hype right now, to it is already here and has been for years under the integration umbrella. But there is one thing virtually everyone agrees on: No one can afford to ignore this growing trend in the consumer space.
Frost and Sullivan’s research on smart buildings predicts the sensor market alone will reach nearly $4 billion by 2018, eclipsing both software and controllers combined. (See chart, pg. 56) And a recent study by Juniper Research, “The Internet of Things: Consumer, Industrial & Public Services 2015-2020,” predicted connected devices will reach $38.5 billion in 2020, up from 13.4 billion in 2015: an increase of more than 285 percent!
Mr. Montgomery was quoted as follows:
Io ‘S’ T Opportunities
Because of the panel architecture approach to much of the security world, some think the first true commercial security IoT applications will actually be in those environments where the traditional systems haven’t been the best fit. Much like cloud, which lends itself well to the small and medium sized businesses that want a hosted or managed solution, IoT will be a logical fit for these markets.
“We see in the long run that everything will be connected to the network, but we also believe that maybe you will see more movement in the IoT for sites without traditional access control,” says Phil Montgomery, chief product officer, Identiv Inc., Fremont, Calif. “This a trend there will be no stopping and the opportunity for the integrator is not just to replace what they are doing today but to offer something new to people they couldn’t sell to before because it was too expensive or not the right technology. For example, you don’t see electronic access in a national chain of coffee shops today because it is too expensive. But when you can do it over the network, using the cloud, include cameras and replace time and attendance as well, then allow employees to use an app on their phones, now you have value. You can let in the delivery guy at midnight using your phone remotely.”
Read the complete article here.