NEW YORK, Nov. 9, 2015 /PRNewswire/ -- Wireless IoT Connectivity Technologies and Markets summarizes the main trends in the Internet of Things covering embedded technology, networking and applications. This strategic research report from Berg Insight provides you with 160 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.
Highlights from the report: 360-degree overview of the IoT ecosystem. Comparison of wireless IoT connectivity technologies. IoT strategies of key players in the semiconductor and IT industries. Updated profiles of the main suppliers of IoT chipsets and modules. Summary of adoption trends and vendor strategies in key vertical market segments. Cellular IoT device market forecast until 2020.
Berg Insight estimates that 5.9 billion products with embedded microprocessors were sold worldwide in 2014. IoT is about networking these products as well as new device categories that can benefit from connectivity. Consumer products account for the vast majority of devices with embedded connectivity. Small appliances account for a third of the volume or roughly 2.0 billion units. Other top five categories are toys 1.0 billion, home entertainment 0.8 billion, HVAC equipment and controls 0.4 billion and home appliances 0.3 billion. Utility meters and motor vehicles are other significant categories with 0.2 billion and 0.1 billion units respectively. Berg Insight firmly believes that the main growth segments in the IoT market until 2020 will be established products which sell in significant volumes and incorporate some form of microprocessor technology.
Devices and things that do not have any form of digital intelligence today may only represent significant opportunities in the longer term, as greenfield applications normally need considerable time to reach maturity.
Consumer oriented products will dominate in terms of volume as few industrial or enterprise products are produced in very large quantities. Potential exceptions are smart infrastructure (e.g. smart cities and intelligent traffic systems) and smart agriculture. Governments and local authorities may propose the deployment of massive sensor networks for resource management, security, safety, environment, traffic and other needs. Such projects will however inevitably become highly complex, expensive, controversial and difficult to implement. The likelihood for any project announced in 2016 to become fully implemented by 2020 is therefore close to zero. Smart agriculture falls into the same category.
Some best practices for improved efficiency in the farming and forestry industries using connected sensors will be developed until the end of this decade. Implementing them at full scale will however take several decades and requires massive financial support from governments.
Berg Insight has identified six primary segments that are mainly consumer related and meet the mentioned criteria: energy meters, automotive, home appliances, HVAC equipment & controls, home entertainment and lighting. Moreover, connected wearables are by definition included among the major application categories. The diversity of the market is reflected in the fragmentation among IoT networking technologies due to the broad variety of application environments, communication needs and cost constraints. IoT comprises everything from premium cars with the computing power of hundreds of microprocessors powered by an engine to low-cost sensors based on basic microcontrollers running on coin-cell batteries. One size does not fit all and therefore fragmentation will remain.
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