Internet of Things Food Industry | Verdict Food Service
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Internet of Things (IoT) in Foodservice

Internet of Things (IoT) describes the use of connected sensors and actuators to control and monitor the environment, the things that move within it, and the people that act within it. Use cases include the automated home, the connected car, wearable technology, smart cities and many more. GlobalData forecasts the global IoT market to reach $1.1 trillion in revenue by 2024. While pervasive IoT is still some years away, Verdict Foodservice is keeping a close eye on the use of IoT in foodservice and its evolution.

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Internet of Things (IoT) Deals Activity in the Foodservice Sector

Verdict Foodservice’s Internet of Things (IoT) deal tracker in the foodservice sector monitors deals involving IoT or similar technologies over the past nine quarters.

loT Deals in the Foodservice Sector: Q2 2019 – Q2 2021

13 Venture Financing

Total Value US$m: 114.5
YOY Change: -87.2%

5 Acquisition

Total Value US$m: NA
YOY Change: -

4 Debt Offering

Total Value US$m: 4,600
YOY Change: -100%

3 Private Equity

Total Value US$m: 1,462.4
YOY Change: -100%

2 Asset Transaction

Total Value US$m: 21.9
YOY Change: -

2 Equity Offering

Total Value US$m: 157.3
YOY Change: -100%

1 Merger

Total Value US$m: NA
YOY Change: -

1 Partnership

Total Value US$m: NA
YOY Change: -

Internet of Things (IoT) Driven Innovation in the Foodservice Sector

To best track the emergence and use of Internet of Things (IoT) in foodservice, Verdict Foodservice tracks patents filings and grants as well as companies that hold most patents in the field of IoT.

Number of patents in Internet of Things (IoT) in the Foodservice Sector: 2001 - 2021

Internet of Things (IoT) patents tracker in the foodservice sector monitors the patents filings and grants over the past two decades.

Top holders of patents in Internet of Things (IoT) in the Foodservice Sector: 2001 - 2021

Verdict Foodservice patent ownership data monitors the companies that hold most Internet of Things (IoT) patents in the sector.

Internet of Things (IoT) Influencer Activity in the Foodservice Sector

Verdict Foodservice tracks the mentions of Internet of Things (IoT) by pre-identified foodservice sector influencer on Twitter. The graph indicates the volume of tweets and influencers mentioning IoT through recent months.

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