1. By:
MARLA. THARUN BHARADWAJ

2.  The Internet of things is a system of interrelated
computing devices, mechanical and digital
machines, objects, animals or people that are
provided with unique identifiers and the ability to
transfer data over a network without requiring
human-to-human or human-to-computer
interaction.
 The Internet of Things is simply "A network of
Internet connected objects able to collect and
exchange data." It is commonly abbreviated as IoT.
... In a simple way to put it, You have "things" that
sense and collect data and send it to the internet.
This data can be accessible by other "things" too.

3.  IoT is short for Internet of Things. The
Internet of Things refers to the ever-growing
network of physical objects that feature an IP
address for internet connectivity, and the
communication that occurs between these
objects and other Internet-enabled devices
and systems.

4.  Enable everyday objects internet
connectivity.
 These objects are embedded with sensors,
electronics, software, actuators and network
connectivity that give them the ability to
exchange data

5.  Smart home: A home where the devices are
enabled to communicate with each other
making its owner capable of customizing
home environment, managing security and
energy is known as a smart home. Various
IoT technologies are responsible for
monitoring smart homes. Devices like smart
thermostats, smart home lighting etc are
such examples of smart home devices
monitored by IoT.

6.  Applications in Wearable's: Wearable's are the
most famous trends in IoT. IoT technologies
have an array of wearable devices. They are
highly efficient, runs on low power and are
small sized as per the convenience of the
customer. Devices such as Smart watches,
fitbits are examples of IoT tech wearable's.

7.  Smart Cities: IoT for smart cities not only
provide smarter surveillance but also energy
management devices hence providing a
solution to environmental pollution,
population expansion energy shortage and
the like.

8.  Health care applications: In the sphere of
health care, the advent of IoT is of major
importance. With various smart devices
monitored by IoT such as medication
dispensing services, it is easier to carry out
work faster in the field of medical care.

9.  Transportation: IoT plays a very significant
role in the automotive industry. The infamous
self- driving cars are one of the major
transportation devices monitored by IoT tech.

10.  IoT is complex: The internet of things is
considered to be pretty complex. However, as a
system primarily related to making life easier, it
should be user-friendly and not just easy for the
developers and the experts.
 Connectivity is crucial: Various wired and wireless
forms of connectivity is required to enable proper
functioning of applications monitored by IoT.
 Highly power consuming: Without power, there is
no IoT. For the proper functioning of IoT tech
and connectivity, power consumption is vital.

11.  Is it safe? Can the internet of things be
secured?
 Everything new and shiny has downsides, and
security and privacy are the biggest
challenges for IoT.
 All these devices and systems collect a lot of
personal data about people – that smart
meter knows when you’re home and what
electronics you use when you’re there – and
it’s shared with other devices and held in
databases by companies

12.  $1.7 trillion – the forecast net worth of the global IoT
market in 2019. (Statist)
 $151 billion – the projected global market worth of IoT in
2018 by IoT Analytics. This is 37% higher than the
previous year. (IoT Analytics)
 $170 billion to $560 billion – The projected growth of the
IoT market from 2017 to 2022. (Markets and Markets
Research)
 $16.86 billion – the worth of the IoT management market
in 2025. (Grand View Research)
 $15 trillion – the total investment that companies would
make in the IoT market by 2025. (Gigabit Magazine)
 $140 billion – the expected global net worth of the IoT
Healthcare market By 2024. (Zion Market Research)
 $4.8 billion – the forecast size of global IoT in the
Education market in 2018. (Markets and Markets Research)

13.  1 million IoT devices are going to be purchased and installed
each hour in 2021. Now wrap your head around that. (Gartner)
 3.5 billion – number of cellular devices that will include IoT
connections by 2023. (Ericcson)
 2.5 billion to 5.4 billion – the increase of B2B IoT device
connections from 2017 to 2020, according to Sparklabs.
Examples of these devices include industrial sensors and
workspace management apps. (Halberd Bastion)
 15.4 billion – the number of devices that are going to be
connected by 2015. This figure is expected to grow to 30.7
billion and 75.4 billion in 2020 and 2025, respectively. (IHS Inc.)
 71.6% is the Compound Annual Growth Rate (CAGR) of smart
clothing (IoT connected) units sold. That’s such a huge leap from
968,000 in 2015 to 24.75 billion in 2021. (Report Buyer)
 75% of new cars will include a built-in IoT connectivity by 2020.
(Business Insider)
 $117 billion – total net worth of the connected health care market
in 2020. (Forbes)

14.  40% of rural areas either lack reliable internet connection or any
connectivity at all. (Brookings Institution)
 60% of Americans never update their router’s firmware. This
adds to the security threats that IoT technology faces.
(Bitdefender)
 90% of developers believe that IoT products aren’t equipped with
sufficient security features. (Innovation Enterprise)
 85% of developers felt the pressure to finish an IoT app and sell
it to the market even if security concerns are still present.
(Innovation Enterprise)
 70% of IoT devices found on the market are vulnerable to
security issues, to begin with. (Entrepreneur Media)
 64% of Americans have personally experienced major data
breaches. Some of them even say that the federal government
and social media can’t be trusted with their personal info. (Pew
Research Center)
 75% of organizations will not benefit from the full potential of
the IoT technology they’re using. That’s due to the lack of data
science specialists. (Gartner)

15.  IoT security issues continue to rise for the unprepared
 As 5G, cloud computing, IoT and other technological
advancements drive digital transformation across all
enterprises, the amount of connected devices will
exponentially increase the amount of data transmitted –
opening valuable new access points for attack.
 For instance, Ericsson predicts in the latest Mobility Report
that by the end of 2019 there will be 1.3 billion cellular IoT
connections worldwide. By 2025 this number is expected
to jump to 5 billion. Meanwhile, McKinsey estimates* that
the economic value to be generated by IoT globally will
amount to $3.9–11.1 trillion per year by 2025, and a focus
in 2020 and beyond will be connectivity driving valuable
outcomes.

16.  90% of senior executives in telecom, media, and
technology companies consider IoT growth as critical to
their business. (Statist)
 $37 million – yearly savings of the city of Barcelona thanks
to smart lighting. Not to mention the 47,000 new job
opportunities it opened. (Data-Smart City Solutions)
 80% of retailers will use IoT to customize store visits by
2021. (SAS)
 66% of cities in the US are making investments in smart
city IoT technology. This includes intelligent traffic signals,
smart meters, and Wi-Fi kiosks. (Tech Republic)
 Healthcare organizations can save up to 25% in business
costs, with the aid of IoT edge devices. (Health IT
Analytics)
 250 million connected cars will be present in 2020.
Consequently, IoT technology will play a huge role in
making safety and interoperability measures. (Gartner)

17.  The world of IoT has true potential for
development as it makes life easier through
the various innovations which are developing
and will develop in the future and their
functioning is impossible without IoT tech’s
monitoring

18.  Whether we are ready or not, IoT is definitely finding
its way into our lives. The presented IoT market
research reflects this. With billions of dollars being
spent on it, there is no telling where the future would
lead.
 It’s not a bad thing, however, because this innovative
technology can bring a lot of positive changes. For us
personally, it could provide a lot of conveniences.
 For businesses, IoT, together with CRM can influence
customer engagement. Healthcare could save more
lives, and more smart cities can be developed further.
These examples aren’t even scratching the surface of
what the Internet of Things can do. For better or
worse, it’s capable of a lot more.