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Along with the Internet of Things (IoT) came an array of demands, most of us are only now beginning to understand. Power supply, monitoring of IoT infrastructures, data transmission protocols and formats are a few of those. Keep yourself informed on how the IoT Monitoring world is evolving and what news are relevant.
The term “Internet of Things” is not just about connections between things – that is, sensors and devices exchanging data. Managing the data flowing from these devices often means connecting in new and more complex ways to a wide range of systems capable of solving everyday problems, such as air pollution and monitoring people with motor difficulties, as projects devised by engineering and computer science students at the Massachusetts Institute of Technology reveal.
After years of exaggeration, anticipation, and steady acceptance, the Internet of Things (IoT) looks set to move into mainstream commercial use. According to Fortune Business Insights, the global IoT market size is projected to reach $1463.19 billion by 2027, dividing it into two major segments: platforms and solutions. The platform segment is also subdivided, only into three areas: device management, cloud platform, and network management. The device management segment held a market share of around 35.5% in 2020. And it is likely to experience considerable growth in the coming years, thanks to the growing need of users to manage multiple devices due to the increasing number of connected devices present in IoT platforms.
The global smart buildings market is expected to grow from EUR 11.8 billion in 2020 to EUR 32.6 billion by the end of 2025. The figures are from a recent study by Reportlinker.com and prove just how much interest in digitized infrastructure and analytics solutions for building management optimization is increasing. While the total number of truly intelligent buildings worldwide remains small, an impressive array of technology has been developed for this emerging market. These innovations promise to do for buildings what smartphone technology has done for the phone, radically altering the way people interact with the built environment.
