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The Internet of Things (IoT) describes the new generation of smart devices that connect to the
internet and offer users the ability to remotely control and monitor their devices. But the brave
new world of IoT consists of more than just wearables and smart home devices. Other sectors
include the Industrial Internet of Things (IIoT) which includes factories, businesses and healthcare.
Sources:
http://www.theverge.com/2015/10/12/9504761/rolls-royce-autonomous-unmanned-shipping-illegal
http://www.fiercecities.com/story/san-jose-smart-streetlight-pilot-boosts-wireless-coverage-and-visibility/2015-12-09
http://www.gartner.com/newsroom/id/3008917
http://www.prweb.com/releases/2013/10/prweb11202450.htm
http://www.computerworld.com/article/2853775/150m-passenger-cars-will-connected-to-the-internet-by-2020.html
http://www.statista.com/statistics/259372/wearable-device-market-value/
Internet of Things (IoT) & Industrial Internet of Things (IIoT) Market Segments
A BIRD’S EYE VIEW OF DIFFERENT
Shipping- Rolls Royce is researching and
developing unmanned cargo ships, or
“drone ships”. The European Union has
already funded a $4 million study to
develop a crewless cargo ferry.
Healthcare- Market Research
reports that the Internet of Things
in the healthcare industry will
claim $117 billion by 2020.
Smart Cities- Gartner predicts that
Smart Cities will boast 9.7 billion
connected devices by 2020. The traffic
light of the future will not only provide
greater lighting efficiency but will also
boost local wireless signals.
Connected Cars- Gartner predicts
that by 2020, approximately 150
million vehicles will boast Wi-Fi
connectivity, and 60%-75% of them
will consume, create and share
Web-based data.
Wearables- According to
Statista, wearables will hold a
$12.6 Billion market value.
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Smart Home- Smart home devices include lighting,
HVAC (heating, ventilation, and air conditioning) and
home entertainment equipment. Transparency
Market Research forecasts that the smart home
industry will be worth $16.4 billion by 2019.