Trends in the Telecommunications Sector and the Application of the Internet of Things (IoT) in Business

The Internet of Things refers to the network of physical objects that attribute an IP address for Internet connectivity. Internet of Things is defined as an invisible and intelligent network of things that communicate indirectly or directly with each other. Internets of Things enable communication between the physical objects and other internet-enabled systems and devices. In addition, Internet of Things also makes the life of consumers much more comfortable and easier by controlling the electronic devices from one place. Furthermore, technological advancement in the field of healthcare, government initiatives for expansion of the Internet of Things and need to increase efficiency and cost reduction are the major factors that are driving the Internet of Things market globally.

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Among all the application segments, industrial holds the largest market share at present in the Internet of Things market. The potential for cyber physical systems to improve productivity in the supply chain and production process are increasing the demand of industrial sector in Internet of Things market. Healthcare and consumer electronics sectors are expected to be the fastest growing applications in the Internet of Things market globally. In 2014, automotive sector is the second largest application segment in the Internet of Things market globally.

This market research study analyzes the Internet of Things market on a global level, and provides estimates in terms of revenue (USD billion) from 2015 to 2021. The report also identifies the restraints and drivers affecting the industry and analyzes their impact over the forecast period. In addition, it identifies the significant opportunities for market growth in the coming years. 

The report segments the Internet of Things market on geography as Rest of the World (RoW), Asia Pacific (APAC), Europe and North America, and these geographies have been estimated in terms of revenue (USD billion). In addition, the report segments the market based on technology as ZigBee, Bluetooth low energy (BLE), near field communication (NFC), Wi-Fi and radio frequency identification (RFID). Furthermore, the Internet of Things market is segmented on the basis of application which includes industrial, automotive, consumer electronics, retail, healthcare and others (including energy and utilities, and entertainment). The above mentioned segments have been anticipated on the basis of geography in requisites of revenue (USD billion).

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North America represents the largest market share of the Internet of Things market. In 2014, North America accounted for largest revenue share in the global Internet of Things market. The rapid growth of industrial, automotive and healthcare industries is the major factors driving the growth of Internet of Things in North America. Europe holds the second largest share in the Internet of Things market followed by Asia Pacific and RoW respectively. The market in Europe is primarily driven by government regulation supporting the growth of Internet of Things. The strong regulations in place will ensure the effective operability of the Internet of Things concept in various application areas. The automotive industry is likely to contribute a large share to market revenues in Europe.

For better understanding of the Internet of Things market, the study also includes market attractiveness analysis and competitive landscape, wherein applications are benchmarked based on their market scope, growth rate, and market attractiveness.

The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company details, product type, financial overview, historical roadmap, business strategies and the recent developments in the field of Internet of Things market. Major market participants in the Internet of Things market include Google Inc. (United States), Cisco Systems Inc. (United States), Apple Inc. (United States), Microsoft Corp. (United States), Intel Corp. (United States) and IBM Corp. (United States) among others.

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Market segmentation

The Internet of Things market is segmented as below:
Global Internet of Things market: by Technology
• ZigBee
• Bluetooth Low Energy (BLE
• Near Field Communication (NFC)
• Wi-FI
• Radio Frequency Identification (RFID)
Global Internet of Things market: by Application
• Industrial
• Automotive
• Consumer Electronics
• Retail
• Healthcare 
• Others

The Internet of Things storm is already started to blow in and there is no area that is not going to be untouched by it.

In an onsite healthcare scenario as well as an offsite scenario like that of a home, health monitoring is a very important aspect.

Currently touted IoT based monitoring would be able to monitor multiple parameters and may proactively raise alarms before it gets to a point where the situation has worsened and it becomes visible.

Thus it would help preventive interventions possible.

Thus wearables are going to be in a position to monitor key parameters like Blood Pressure, Sugar Levels, ECG etc.

These are going to be available in the public domain and these would be able to transmit data secure in open data formats using common means of communication like Wifi/Bluetooth/NFC.

With technology getting cheaper and more available, read more about this at https://www.quicsolv.com/blog/5-benefits-of-internet-of-things-in-healthcare

In fact, people want a central controller who, at home, switches to each device (leaving the refrigerator) immediately leaves the last person home.

This will help users save some dollars on their energy bill.

Some app developers have also developed it.

When the distance between your phone and your wallet goes up to 50 meters, then Wallet will assume that you have forgotten it and it will send you a reminder via your app on your phone.

However, the scholars believe that if you forget your phone and wallet together, then this concept will not work.

The third is the lifestyle app that keeps track of the rate of heartbeat, amount of calories burned and many more.

The agriculture industry has been facing various challenges for years. Know More IOT Application in Agriculture: Reshaping the Sector Into Smart Farming.

Benefits of IOT in Agriculture

• Remote monitoring quality of soil
• Smart warehousing, logistics, and distribution
• Greenhouse monitoring and automation system
• By 2025, it is expected that smart agriculture market size will get triple

But the plan is to start a second one, in Nigeria (particularly within Lagos), presently the largest African country.

In addition, further adding to the problem is the factor of high costs overall, which only rises with the increased cost of water supply inbound and outbound, the lack of relevant commercial technology, and the growth in transportation prices.

https://is.gd/DLAxlJAs if that were not enough, the country’s current total demand, as we mentioned, far surpasses that of the count of fish both locally sourced and those imported internationally, in addition to the supply gap itself (which, by the way, sits at appx.

And it must be foreign, in addition to domestic.

They’re no less potent, despite their size.

It basically acts as a ‘digital screen’ right at eye length.