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The 10 Biggest Internet Of Things Stories Of 2016

As the Internet of Things market continues to evolve, here are the biggest IoT events that shook up the industry in 2016.

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Internet of Things Explosion

The Internet of Things market is forecasted to reach $1.7 trillion in 2020, according to market research firm IDC. And in 2016, channel companies and vendors worked together to make that outstanding number a reality.

Last year, many vendors launched IoT platforms and made deep investments in connected applications – such as IBM's announcement that it would pump $3 billion into developing IoT-related cloud services and software.

However, 2016 was an even bigger year for IoT, as vendors began to understand where they stand in the market and develop their strategy around their channel platforms in the IoT space. On top of that, customers are beginning to see the opportunities – and, more importantly, the security challenges – surround Internet of Things devices.

Following are the biggest Internet of Things stories in 2016.

(For more of our 2016 retrospective, check out 'CRN's 2016 Tech Year In Review.')

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