Semantic technology will have a starring role in the Internet of Things. Supporting interoperability between heterogeneous IoT entities, playing a part in driving much-needed application agility and adaptability through model-driven computing, and helping businesses cope with understanding and analyzing the influx of Big, and often unstructured, Data generated not just by humans but now by devices – all provide use cases for semantic tech.
And it’s becoming increasingly clear that semantic tech will be playing a role in what should be a very major motion picture. Just recently released is a new market research report entitled, Internet of Things Market & Machine-To-Machine Communication Market – Advanced Technologies, Future Cities & Adoption Trends, Roadmaps & Worldwide Forecasts (2012 – 2017). The report, published by Markets and Markets, notes that the IoT and M2M communications market will reach $290.0 Billion by 2017, at a CAGR of 30.1 percent.