The Internet of Things, or IoT, will bring the web to many formerly unconnected home appliances, business devices, and even cities; e.g., smart parking meters, smart homes etc.

In new research from BI Intelligence, they discuss why established chip makers, IT-consulting firms, and networking equipment manufacturers are actually well positioned to take a major share of the IoT market, and fend off startups.

Here are some of the key findings from the BI Intelligence report:

• Legacy tech companies have longstanding sales relationships with businesses and governments, which will be the biggest adopters of IoT software, services, and devices.
• These companies’ product portfolios align with what business clients need to create the backbone of IoT systems. The building blocks of the IoT will be networking equipment, routers, specialized chipsets and sensors, machine-to-machine communications, cloud-computing platforms, and database and data-analytics packages.
• Legacy tech players have the resources needed to provide hands-on installation services and ongoing customer support to large businesses. The IoT will primarily be a software and services market.
• Security is a central concern, and large businesses and governments are more likely to trust their data with large vendors they’ve worked with before over untested startups.

You can find the full BI report here