Know your Partner: The IoT market landscape and company roles

By the end of 2021, there were 12.2 billion IoT devices in use worldwide, up 8% from a year earlier, according to IoT Analytics.

Data: IoT Analytics

The future of the IoT market looks promising, with opportunities in manufacturing, telecommunications, logistics, energy, retail, healthcare, and other industries. The main drivers of this market are the growing demand for automation in the manufacturing industry, the wider adoption of the Internet of Things and artificial intelligence, and increased awareness of security and protection

New trends that have a direct impact on the industrial IoT industry dynamics include the growing adoption of artificial intelligence in IoT applications and blockchain technology in IoT. In our blog post, you'll explore trends and forecasts for the global IoT market landscape, find out funding projections, and the description of the world's leading IoT service providers.

What is an IoT platform?

The IoT platform is a bridge that unites such concepts as "things" and "Internet". This technology allows remote things to interact with each other and the external environment using special hardware and software. The peculiarity of this interaction is that it occurs without the direct participation of a person and works in real-time.

IoT is a massive network that consists of billions of things connected to it. They exchange information to get a solution for any problem. There is no need to monitor the operation of the network constantly, you can passively log in to the system, provide it with the necessary information and enjoy the benefits of the network. There are devices that simply passively observe, while others actively work in this system, and others collect data in a certain segment.

Modern IoT platforms perform the following tasks:

• Provide integration of various hardware using special interfaces, communication protocols, as well as means of storage, processing, and data mining;
• Bring together various protocols and data formats into a single interface, ensuring the accurate transmission of information and interaction with all end devices;
• They ensure the uninterrupted operation of end devices (sensors, sensors, controllers, etc.), updating software on them;
• Responsible for the reliable storage of information in databases
• They monitor the current and predict the future state of technological equipment.
• Integrate and classify data using real-time machine learning (analytics) methods
• Visualize the collected information in tables, graphs, and diagrams.

Among the best IoT platforms on the market, the most well-known are Amazon Web Services, Microsoft Azure, IBM's Watson, Cisco IoT Cloud Connect, and Oracle Integrated Cloud.

How the IoT sector is organized

To perform communication between different physical objects, an intermediate gateway or the Internet is used. The IoT architecture consists of several important components.

1. The thing must be equipped with a sensor. A sensor is a carrier and collector of information. For example, a sensor in a smart home can measure the temperature in a room and transmit it to the sensor, where this information is stored and issued at the request of the server. The transmission takes place via Wi-Fi or Ethernet.
2. Gateways are a platform where things interact even if different communication options are used. Through these gateways, information is transmitted using standard protocols.
3. Cloud is the software that manages the system or is the service center. The main task of the considered part of the Internet of things is the accumulation, storage, and processing of information. Thanks to the cloud, you can adjust the behavior of a thing according to the parameters that were set for it.

Modern IoTs can be complex systems capable of managing large-scale manufacturing processes.

IoT market segmentation: use cases by industries

IoT is applicable across industries for a variety of purposes, from tracking consumer behavior in real-time to improving the quality of machines and systems, finding innovative ways of working within digital transformation, and much more.

Energy

With the help of IoT devices, the design of electrical networks is changing the rules of consumption by automatically collecting data and providing instant analysis of electricity consumption and consumption. As a result, the use of resources is optimized for both the customer and the supplier.

Healthcare

With the help of IoMT (The Internet of Medical Things) technology, data is collected in real time from medical devices that track various indicators related to the health of patients, such as movements, sleep dynamics, heart rate, allergic reactions, and more. The data collected helps doctors make accurate diagnoses, build a treatment plan, improve patient safety, simplify care for them, and enable continuous monitoring of the condition of seriously ill patients.

Retail

Smart retail opens up opportunities for IoT applications in terms of accurate advertising, improving the supply chain cycle, and analyzing demand patterns. In addition, IoT applications already include applications for NFC payments and smart shopping. There are also RFID tags for product tagging, which provide instant and accurate information collection, which helps to continuously track the movement of goods, simplify the inventory process and generally reduce the number of errors.<

Manufacturing

IoT in manufacturing industries can receive more detailed data on production processes and the status of the product at all stages - from the supply of raw materials to the shipment of the finished product.

With factory and warehouse sensors, big data analytics, and predictive modeling, you can prevent many downtime and cost errors, maximize productivity, reduce warranty costs, and improve overall customer service.

Leading IoT companies worldwide

Cisco

Cisco Systems provides a variety of products and services for networking, IoT, mobile and wireless, security, collaboration, data centers, and more. For IoT, it provides solutions for IoT networks, IoT gateways, IoT operations management, IoT data management and IoT security. Its products and services can be used in various industries such as energy, education, financial services, cities and communities, manufacturing, retail, transportation, etc.

Huawei

Huawei is a multinational company that manufactures telecommunications equipment, consumer electronics, and networking equipment and is well known for its phones, tablets and laptops. For IoT, it offers smart water solutions, AMI smart meter reading, shared bike lock, smoke detection smart building, smart factory, eLTE gas detection, elevators, smart parking, smart gas, etc.

Siemens

Siemens IoT Analytics Company provides systems for power generation, transmission, and medical diagnosis. Siemens works for industries, healthcare, energy, infrastructure & cities, manufacturing, digitalization, financial services, etc.

Siemens provides an open IoT operating system. As IoT solution provider Siemens lend an intelligent gateway for industries. It is also well known for providing products, solutions, and services for building and operating microgrids.

IBM

IBM is a leading company in producing and selling computer hardware, middleware, and software. It also provides the services of hosting and consulting for different areas from mainframe computers to nanotechnology. It provides services to finance, banking, retail, government, telecommunications, media, entertainment, etc.

IBM provides the IoT solutions of IoT Platform, Watson IoT, Enterprise Asset Management, Facilities Management, and Systems Engineering. 

General Electric

GE Digital offers implementation services, support services, industrial managed services, education services, data science services, etc. GE Digital provides its products and services to industries like food and beverage, automotive, chemicals, steel manufacturing, semiconductor, pulp & paper manufacturing, water or wastewater, etc. It provides the Industrial IoT (IIoT) Platform. 

The future of the Internet of Things landscape 

The growth in the number of connected IoT devices slowed down in 2021 but is expected to pick up again in 2022 and beyond. While new headwinds have emerged in the IoT market, such as inflation and prolonged supply disruptions, the overall sentiment remains relatively positive, with the number of connected IoT devices expected to reach 14.4 billion by the end of 2022.

The key problem of IoT implementation is the lack of unified standards. Therefore, existing solutions are difficult to integrate with each other, and new ones appear more slowly than they could. By resolving this problem, ordinary users, companies, and entire cities will increasingly apply smart technology to save time and money. For example, fridges will be able to warn about imminent spoilage of products, and traffic lights with built-in video sensors will regulate traffic.

IoT Smart Home Solutions with Mobius

Today almost every gadget or home appliance, from a simple lightbulb to a heating system, has a version that can connect to the Internet or other network and function independently or in compliance with other devices to ease your life and make your home more comfortable and cozy. We at Mobius offer a variety of solutions to make your IoT systems even more stable and secure. Our products ensure that smart home devices run a stable connection with users' mobile devices even off the home premises. It is an easy, fast, and secure way for users to interact with the network, monitor its status, manage alerts and notifications.

Contact our specialist and provide your smart home solutions with impeccable video and audio connectivity