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A recent report from McKinsey estimates that the IoT industry could enable $5.5 trillion to $12.6 trillion in value globally by 2030. A study by Ericsson predicts up to 24 billion inter-connected products (e.g., mobility, medical devices / healthcare, smart homes / offices, industrial equipment & more) by 2050. The key to enabling such scale & value is standards-based connectivity & interoperability. Everything will be wirelessly connected. Products will talk to each other & the back-end infrastructure, sending instructions, content, software, usage reports & much more.

Because connectivity standards are covered by patents, & every product must follow the standards, patent licensing is inevitable. The first big waves of connectivity patent licensing involved computers, cellular handsets & connected cars. The next big wave (and possible tsunami) will be IoT devices. The patent licensing revenue could run into the tens of billions of dollars. Technology developers, product manufacturers, users, joint licensing programs & governments are all gearing up to address this opportunity. But the IoT space is huge & diverse, with vastly different usage cases, value propositions, profit margins compared to handsets, computers & connected cars.

Takeaways:

Understanding the key issues & challenges in IoT licensing

Who are the players, & what are the strategies, opportunities & timing

Whats old? Whats evolving? Whats new?

Panelists:

Ken Korea, Partner, Colev Law LinkedIn

Qudus Olaniran, Vice President, Avanci LinkedIn

Sean Clark, Director of North America IPR & Licensing, Ericsson LinkedIn

Satoshi Matsuo, Vice President of Intellectual Property Group, Hitachi America. LinkedIn

Joe Yang, Partner, PatentEsque Law Group LinkedIn