The uninitiated may wonder what the Internet of Things is all about and just what kinds of areas, products, and use cases it will impact. But perhaps a better question would be what areas it won’t touch.
Indeed, the applications for the IoT seem to be limitless, and we just keep on learning about more useful, weird, and wonderful ways people and organizations are leveraging connected technologies to do new things.
That may help explain why a new report from MarketsandMarkets called “Internet of Things Market & M2M Communication by Technologies, Platforms and Services – Global Market Forecasts – 2019” forecasts the IoT and M2M communication market will grow from $255.87 billion in 2014 to $947.29 billion in 2019 – or nearly $1 trillion.
This enormous opportunity for IoT is why the theme for TMC’s latest Internet of Things event – IoT Evolution Expo – is: Discover the Next Frontier in Communications. We hope to see you there. It will take place Aug. 17 through 20 at Caesars Palace in Las Vegas.
AT&T’s Michael Troiano, Eurotech’s Larry Wall, IBM’s Pete Karns, and coach Joe Gibbs will be among the keynote speakers at IoT Evolution Expo. And Spireon CEO Marc Brungger will give a special presentation on Tuesday morning. The event will once again feature the AT&T Fast Pitch event and the IoT Evolution Battle of the Platforms. IoT Evolution Expo this time around also includes an IoT Certification Course, and an IoT Security Summit. And there are a handful of co-located events under the IoT Evolution Expo umbrella addressing connected home and building, connected transportation, fog computing, IoT development, and M2M.
Speaking of smart transportation, this space is on fire. This space will be an almost $200 billion market by 2021, according to new research, and it is starting from a very small number today. This is massive growth – wow! I don’t know about you, but I can’t wait for the day when my car helps me find an open parking spot – and perhaps even can sort spots by cost or proximity depending on weather.
Beyond cars, IoT technology is being leveraged to make rail lines safer. For example, as IoT Evolution World recently reported, Predikto and New York Air Brake have partnered to bring predictive analytics to railroad systems. The solution will collect train data and related information like weather, and create profiles of risk for rail lines. This area is getting increased attention lately in light of some high-profile accidents in this realm.
Smart cities is another interesting area for IoT, which of course makes sense because the cars and other means of transportation need to speak with something besides themselves.
IoT and M2M are also increasingly reaching into our homes (see the Connected Home supplement). And the expansion of IoT both within our homes, our businesses, and in our lives in general is making us more interested in how to address security on this front. (For more on this topic, check out the Security Special Section.)
Of course, IoT is also expanding into new and exciting areas that you may not yet have heard about. For example, scientists in Japan have created holograms you can touch. They work by ionizing air modules and omitting light, but in this application the length of bursts is shorter than nanoseconds. Word is that the holograms feel like sand paper or a static shock. Hmmm.
If basketball is more your speed, you may be interested to learn that Onyx along with NBA player Ben Gordon this summer launched a funding campaign for a digital basketball coaching app called Switch. It uses motion sensors to analyze an athlete’s technique and uses that data to provide tips.
But that’s just the tip of the iceberg when it comes to the application of IoT technology to sports, as Carl Ford recently reported for IoT Evolution World.
To learn more about all these developments, visit www.iotevolutionworld.com. To read about and register for IoT Evolution Expo, check out IoTEvolutionExpo.com.
Edited by Ken Briodagh