Investment in the fast-growing market for Internet-connected devices gathered pace last year and is set to attract more top US technology and telecoms buyers of firms active in the market.

A report said that $9.4 billion has been spent in the past three years to acquire so-called "Internet of Things" suppliers, with $5 billion, or more than half of the total, in the first nine months of 2014.
               
The report, which studied more than 100 transactions in the category, said that early consolidation has been led by Google but also included Cisco Systems, Samsung Electronics, Vodafone and Verizon.

Korean electronics major Samsung also plans to interconnect all its products, from home appliances to mobile phones in the next five years.

Intel Corp had already unveiled a new platform to make it easier for companies to create internet-connected smart products using its chips, security and software.

BlackBerry was opened its operating system BlackBerry 10 to mobile device management (MDM) companies to get a stronger foothold in the Internet of Things (IoT) market.