1) The Internet of Things (IoT) market is projected to grow significantly from $120 billion in 2016 to $253 billion in 2021. Patent activity and acquisitions in IoT are also increasing substantially.
2) Samsung, Qualcomm, Microsoft, and Intel are the top patent holders in key IoT technologies such as sensors, processors, and network infrastructure. China is the largest source of IoT patent applications.
3) Major acquisitions in IoT have involved companies in applications such as home automation, wearables, and industrial automation technologies. These acquisitions are helping companies expand into new IoT business areas.