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The telecoms sector is undergoing a series of fundamental transitions, including challenges such as OTT and new revenue streams such as the IoT and M2M market. In particular, there is a battle to be fought between telecoms and internet companies over how much of the value chain they will control.

Consumer behaviour is shaping development of IoT solutions as customer service models change with the use of big data.

The IoT market is seeing vibrant activity. Google & Nest Labs In its second-largest acquisition ever, Google paid $3.2bn to buy Nest Labs, a maker of smart smoke alarms and thermostats for homes, back in January.

CBR looks at ten different start-ups from around the world and what they have to offer. IoT is changing the world, and has probably changed your life already even if you haven't noticed it. Until 1831, door-bells didn't exist. You had to knock or pull a cord to announce your arrival.

Industry 4.0 is the new era of Industrial Revolution, which has transformed the manufacturing arena by collaborating Information Technology such as Big Data, Cloud Computing with robotics and physical machinery and human resource. Automation is replacing human effort and involvement through powerful machinery and programming commands. The global Industry 4.0 market is expected to grow at a CAGR of 15.75% (2018-2023) leading to global revenue of USD 648.93 billion by 2023.

Customers increasingly want payments to be seamless. New developments in biometrics, instant cross-border payments, and the Internet of Things (IoT) are all part of the larger trend towards more convenient payments. However, seamlessness for consumers means complexity for merchants, creating challenging market conditions.