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IoT Device Makers Stand to Lose Out on Software Licensing Revenues

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Device manufacturers that fail to protect the software intellectual property embedded in their offerings stand to lose out as the internet of things (IoT) trend gathers momentum.

According to market watcher Gartner, the IoT trend is unwittingly turning many device makers into software suppliers, and – as such – many are failing to appreciate the additional revenue opportunities the software running inside their hardware can unlock for them.

Therefore, the analyst house is urging the makers of IoT devices not to overlook the benefits that adopting a full-proof licensing and entitlement management (LEM) strategy can provide.

Particularly as its research suggests very few IoT device makers have bundled, or intend to, commercial LEM technology in with their products.

SOURCE: computerweekly.com