"The Internet of Things market will be worth $7.1 trillion by 2020, according to a study by the International Data Corporation (IDC). To keep tabs on the market, Samsung, Intel Dell Atmel and Broadcom have joined forces to launch the Open Interconnect Consortium (OIC), an organization that will set standards for connecting billions of household gadgets and appliances.
But the OIC is not the only consortium to focus on the Internet of Things: Haier, LG Electronics, Panasonic, Qualcomm, Sharp, Technicolor, Silicon Image and TP-LINK announced the AllSeen Alliance in December, which now has a total of 51 members. The organizations involved in AllSeen will work off of Qualcomm’s AllJoyn open source project as the initial framework."
Open Interconnect Consortium |
"The Open Interconnect Consortium will define connectivity requirements to ensure the interoperability of the more than 30B devices projected to come online by 2020"