Global IoT Application-Market Overview – The rising need for data to drive the innovation of digital technologies is responsible for a surge in the global IoT application market. Firms aim to advance safety solutions like ADAS, improving telematics offering, smart manufacturing, and warehouse optimization.
- IoT technology has many applications, from collecting biometric data through wearable equipped devices to controlling connected devices through communication networks and cloud technologies.
- Among top IoT application areas, industrial/manufacturing, transportation, energy, and utility, retail are the primary sectors accounting for more than 63% of the total market in 2020.
- Edge Computing, Cloud Computing, 5G and Blockchain, Industrial IoT, Machine Learning, and Artificial Intelligence are the major trends that can be seen in the Global IoT market.
Global IoT offers a suite of solutions across the following industries and business intentions.
Automotive – Vehicle, Manufacturing, Mobility, Supply Chain, Service & Maintenance
Connectivity in vehicles and integration of smart manufacturing solutions are expanding the IoT ecosystem boundaries in the automotive industry.
Major Ecosystem Enablers: Key players are focused on partnerships to innovate their manufacturing products and solutions