The Internet of Things (IoT)
is a technology aimed at creation of smart devices network to apprehend the surroundings effectively and offer alternatives for decision making as opposed to the conventional approach of treating the device/equipment as a single entity. The devices in such networks are inter-dependent to share the information and create opportunities for data driven decisions. Thus, the connectivity technologies form the crucial basis for such networks that has various attributes associated with it including high data rates, low latency, effective communication range, ubiquitous inter-operability and several others.
IoT technologies can help in gaining short-term economic advantages, if adopted properly it will streamline commercial and industrial operations, the result of which would be lower costs and greater profits. The Market for IoT Communication Technologies has been segmented By Cellular Technologies, By Wireless technologies, By Low-Power technologies, By applications and By geography. The segmentation on the basis of Cellular technologies are 2G/3G Networks and 4G Networks, whereas By Wireless Technologies the market is segmented into Wi-Fi, Bluetooth, ZigBee, Wireless HART, Thread and Others. The market is divided on terms of Low Power Technologies into Licensed Spectrum, and Unlicensed Spectrum, again having further classification under each category.
On the basis of Applications, the segments include Aerospace & Defense, Automotive, Computing, Communications, Automation, Power & Energy, Infrastructure, Medical/Healthcare and Others. Subsequently, the global market has been analyzed by fragmenting it into following Geographic Regions: North & South America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). These regions are further sub-categorized into respective nations, notable from the perspective of IoT communication technology based products demand.The IoT communication Technologies market
is projected to develop from USD X Billion in 2015 to USD Y Billion by 2021, at a CAGR of XX% between 2016 and 2021. The key players in the market are analysed with aforementioned communication technologies offered by them. Some prominent examples include:
- Senet, Inc. (U.S.)
- Huawei Technologies Co. Ltd. (China)
- Nokia Networks (Finland)
- Intel Corporation (U.S.)
- Telefonaktiebolaget L. M. Ericsson (Sweden)
- Sigfox S.A. (France)
- ZTE Corporation (China) and several others.