We’ve previously discovered that exits within the internet of things (IoT) sector are showing strong growth over time. Now armed with the data through June 2018, we’re conducting a mid-year status check on the total IoT exits by year.
After taking a deeper dive on our IoT report and research platform, we observe that if the current trend holds, IoT exit activity in 2018 will be lower than in 2017.
Let’s take a closer look at the number of IoT exit events by year.
The above graphic shows 26 exits in the first half of 2018. This is 43% of the 2017 total. Comparing Q1-Q2 exits only, 2018 is down slightly from 2017 but running ahead of 2016.
For the past three years, Q3 and Q4 accounted for 57% of total exit events on average. If that trend holds, 2018 will have around 60 exit events. That would be lower than the number of exits in 2017 but higher than that in 2016.
In summary, we have performed a mid-year status check on IoT total exits by year. We predict that the sector’s exit activity in 2018 will be lower than 2017 but higher than 2016. It’ll be interesting to see if the IoT exit activity by the end of 2018 turns out to align with our prediction.