$LEAS McKinsey.com says, "As frequent investors in midsize companies, private equity (PE) funds should re-evaluate the IoT as a sector that can help create significant value." They make this recommendation based on their assertion that while enterprise customers have long had IoT initiatives, smaller and mid-size businesses are now getting a chance to become involved with these technologies.
https://www.mckinsey.com/industries/private-e...of-things#