It’s not just smartphones and tablets anymore. The world’s tech giants are now battling over a wider array of connected devices, from refrigerators to cars to wristwatches.

Announcements in recent days from Apple and Samsung made clear they are staking their claim to the “Internet of Things” following Google’s announcement earlier this year that it was creating a new Android platform for wearable electronics.

“The Internet of Things is the next big platform,” said Roger Kay, an analyst with Endpoint Technologies Associates.

“These are potentially billions of devices. That’s a big market, so every consortium is lining up for that.”

A study released by research firm IDC said the market for the Internet of Things (IoT) will grow from $1.9 trillion in 2013 to $7.1 trillion in 2020 as businesses and consumers adopt smart technology for homes, cars and a variety of accessories.

Apple unveiled Monday its new mobile operating system iOS 8 along with HealthKit software to manage personal healthcare and HomeKit for home appliances, while encouraging developers to create services for the iOS operating system used in iPhones and iPads.

– Apple opens up –

“Apple iOS 8 has the beginnings of a full-fledged platform supporting IoT, you can see it with their health and fitness hooks and their ability to entertain more third party devices,” said Compass Intelligence chief mobile analyst Gerry Purdy… see more

source: rawstory