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The internet of things is creating new software vendors – and a need for licensing and entitlement management solutions, Gartner says.

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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.

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Cisco estimates that 50 billion devices and objects will be connected to the Internet by 2020. Yet today, more than 99 percent of things in the physical world remain unconnected.

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We may be in the midst of a third industrial revolution — one driven by intelligent devices connected to the Internet, enabling services, solutions and big data offerings around every day industrial and consumer goods.