If you are a company that is interested in connected devices or the Internet of Things (IoT), you better not be waiting for standards to emerge. This will not be happening anytime soon. IoT is a multi-trillion dollar market, and, with so much potential business on the line, the big technology companies are all angling to create their own standard.
Of course these companies all say they want to create common protocols and framework. But let’s face it, there is too much at stake for any of these companies to not try and get the upper hand on the competition. As a result, we have an explosion of consortiums and “open source” projects that are intended to create these standards.

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