Here's How Amazon Is Dominating the Internet of Things
The Internet of Things (IoT) is a rapidly growing market that's on track to be worth $745 billion this year, and is projected to surpass $1 trillion in 2022, according to the analysts at IDC. An ever-increasing array of devices, services, and industrial equipment -- think jet engines, manufacturing equipment, farming equipment, and more -- is being connected to the Internet, allowing companies to acquire and track data they never had access to before, and automate previously manual systems.
But the IoT is more than just an industrial sector story -- it has planted itself firmly within the consumer space as well, thanks in part to Amazon.com (NASDAQ: AMZN). The company's Alexa digital assistant is being integrated into more and more devices, allowing them to be controlled via voice commands. At the same time, Amazon is getting its smart devices into more homes, and integrating more IoT support into Amazon Web Services (AWS). All of that is combining to give the company a dominant position in IoT.
To get a better perspective on Amazon's IoT influence, let's consider what the company is doing with smart speakers, smart home connections, and AWS.
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