DUBLIN (Aug. 30, 2016)—The firm Research and Markets announced the addition of the "Global Internet Of Things Market Insights, Opportunity Analysis, Market Shares and Forecast 2016-2022" report to its offerings.
Internet of Things (IoT) solutions enable wireless connectivity of devices, which is changing the way people live and interact within their environment. Various IoT developments and the meteoric rise of smart devices and cloud based software and apps are transforming nearly every aspect of human living.
The global IoT market consists of various wired and wireless technologies such as radio frequency identification (RFID), near field communication, ZigBee, supervisory control and data acquisition (SCADA) and others. The IoT market also includes various components that are used to establish the IoT network such as sensors, device gateway, LAN, router, switch, cloud and more.
Key findings in the report include:
- It is expected that globally up to 50 billion smart devices—ranging from cars and parking meters to coffee machines and combine harvesters—could be connected to the internet by 2022. By comparison, in 2010, the number of connected devices was 12.5 billion globally.
- The major drivers are increasing awareness levels of the consumers for wearable technology and smart home appliances. The rising demand for increasing efficiency from the manufacturing industry is the major driving force.