Internet of Things
The Internet of Things is a massive space that is attracting huge private equity and debt capital infusions. The term IoT is mainly used for devices that wouldn’t usually be generally expected to have an internet connection, and that can communicate with the network independently of human action. It is the network of devices such as vehicles and home appliances that contain electronics, software, sensors, and actuators which allows them to connect, interact and exchange data.
The fast-growing IoT market has created significant opportunities in capital markets. According to the Ericsson’s Mobility Report, by 2024 the number of connected devices is forecasted to exceed 22 billion.
Mobile subscriptions grew at 3 percent year-on-year and currently total 7.9 billion. In 2019, more interconnected devices will be introduced into the market thanks to the growth in big data and complicated artificial intelligence systems. Castle placement believes that private equity and debt IoT investment will continue its massive growth trend.
About Castle Placement: Founded in 2009, Castle Placement raises equity and debt capital for private middle market companies across a broad spectrum of industries. Highly experienced investment bankers and a robust, data-driven, innovative technology platform – including artificial intelligence/machine learning – match great companies with global institutional investors. Castle Placement’s proprietary app, CPGO, connects companies with investors in real time. It has over 64,500 private equity, venture capital and strategic investors, family offices, pension funds, foundations, endowments, sovereign wealth funds, hedge funds and lenders.