Connected technology has grown from smart meters that track our electricity use to doorway sensors that let us learn the arrival and departure of individuals at our premises with an application on smartphones. A ‘connected home’ is made up of this smart and versatile innovation. Technology has progressed to the point that many of our standard electrical devices such as smart TVs or smart thermostats are evolving as ‘connected devices’. Both of these machines can be connected and now can be normally controlled by our smartphones.
According to a study, by 2022, 60-65 million American homes would count as “connected,” with everything from Internet-connected light bulbs to surveillance that allows us to monitor our pets from our workplace. We are going to switch from turning lights on and off with our voice a decade from now to complete integration on the Internet of Things (IoT). The intelligence that connected devices gather, interpret, and operate upon would be key to all of this, helping to turn the houses of the future from a simple array of devices and appliances into truly connected homes. Global Market Database is a world’s first dynamic Market Research Platform which provides free market research tools.
The connected home industry is rapidly gaining wider customer recognition. In the last five years, mass marketing advertising has grown dramatically in North America, and supermarket chains such as Target and Wal-Mart have been selling connected home devices in several of their outlets. In Europe, the various service providers that expect to introduce or extend their connected home projects with the help of major marketing strategies shortly will be fueling the industry.
Connected home infrastructure can be pushed far past what is found on store shelves today by several technical innovations. Artificial intelligence technologies, for instance, stand to upend nearly everything about human lives, including their homes. To get the news updates or weather reports every morning, humans are already using some form of AI-powered voice-assistant device. But those AI systems could act as the brain for the entire household in the digital home of the future, by knowing about occupants and organizing and optimizing all of their different connected devices. Global Market Database is an effective Market Research Software that gives its users market wise quantitative inputs.
A high cost would come with all the digital attentiveness. It is expected that customers would spend USD 123 billion on IoT devices by 2021, a figure that will undoubtedly grow subsequently. In addition to Internet-connected televisions, vendors are throwing their research and development, and marketing investments behind home surveillance and security devices, by 2023 they will have 20%-25% of the connected-home market share, around 15% and 10%- 15% of connected speakers and lighting systems not far behind. Users interested in further research of this topic can log into Global Market Database to access ten-year Market Research Reports For Free.
Smart thermostats, safety systems, intelligent light fixtures, connected cameras, and multi-room audio include the most popular point solutions to date for connected homes. Such products are sold by established OEMs, such as Honeywell, Danfoss, and Philips; manufacturers of products such as SFR, British Gas, Eneco, and Protection1; and brand-new newcomers like Nest, Ecobee, MyFox, LIFX, and D-Link. New entrants such as ADT, Vivint, Comcast, and AT&T in North America as well as eQ-3, RWE, Verisure, and Loxone in Europe have also identified themselves among the largest connected home solution vendors in their respective regions.
The technology has also been used in a broad range of fields of industrial application, including healthcare, where electronic healthcare records (EHRs) are used to facilitate healthcare services by using intelligent analytics.
Global Market Database is a world’s first dynamic Market Research Platform which provides free market research tools.The technology and the high degree of innovations available are some of the benefits we have today in the battle against COVID-19, which was not so advanced during the SARS epidemic of 2003.
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It offers researchers, healthcare professionals, statisticians a vast amount of knowledge and enables them to make a more strategic decision to combat the COVID-19 virus.
Such data can be used to continually track the virus internationally and to promote medical advancement.
In December 2019, BluDot, a big data start-up located in Toronto, detected several rare cases of pneumonia in Wuhan, China.
Ericsson estimates the total number of connected cars in operation will rise to more than 500 million by 2025, projecting USD 219.21 billion by 2025.
It has become crucial for auto OEMs to collect, store, and analyze this data to generate actionable and valuable insights to secure the world of opportunities presented by this tech revolution.Today, automotive players require a robust and comprehensive platform to enable an ecosystem of connected vehicles and emerging services to adapt to the new age customer demands and digital revenue streams.Targeted Advertising In-vehicle marketing revolutionizes driver's and passengers' lifestyles, with location and contextual-based targeted advertisement campaigns on their in-vehicle touchscreens.
Enabling unique customer engagement opportunities with offers based on drivers’ preferences, past behavior, time of day, vehicle location, current route, and more.
Such as Deliver low-fuel alerts, offer directions to your nearby fuel and convenience stores, and allow customers to pay from their dash.Connected Car InsuranceThe connected car ecosystem is disrupting the $1-trillion insurance sector, which has remained stagnant for decades.
Enabling unique usage-based insurance plans like Pay-as-you-drive (PAYD) and Pay-how-you-drive (PYHD).
Predictive Maintenance of Mission-Critical Fleet Today, business organizations with high-value assets, like fleet management companies, turn to predictive maintenance to help control the ever-increasing costs of maintaining their equipment.
Wipro's IoT connected devices solution offers enterprises to leverage IoT and build intelligent businesses of the future through software AG digital business platform
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Connected Logistics Market: By Software (Asset Management, Warehouse management system, Security), Platform (Application Management, Device Management, Connectivity Management), Transportation Mode (Roadways, Railways, Airways, Waterways) - Global Forecast till 2027Market OverviewThe need for communication in the logistic chain is imperative, thus bolstering the global connected logistics market 2020.
The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.
& Telecom, food & beverage, oil & gas, and others.
Based on the regions, the connected logistics market comprises of North America, Europe, Asia Pacific, and the rest of the regions.Detailed Regional Analysis The regional study of the connected logistics market encompasses North America, Europe, Asia Pacific, and the rest of the regions.
The reputable logistics industry and technical alterations in the North American region are predicted to motivate the connected logistics market.
Due to the swelling population and producers in this region are utilizing innovative systems in their processes for management of complex logistics that are more efficient with the assistance of tools, which is intended to gather and decipher data.Competitive AnalysisThe expansion of the market has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market.
