IoT

• [New] Spurred on by the need to meet emissions targets and manage costs, the Internet of Things is expected to drive cost savings of 14% to the maritime industry by 2023.
• [New] Construction of the Kinetic Edge platform is proceeding in 36 US cities, and will offer Kinetic Edge coverage that reaches ~ 80% of US population.
• [New] The multi-layered complexity of IoT services and on-going challenges around global connectivity, data and devices, has contributed to a large number of project failures, delaying the critical mass of IoT connected things predicted in earlier years.
• [New] By 2025 shipments of eSIM-based devices are expected to reach close to two billion units, driven mainly by smartphones and enterprise IoT devices.
• [New] With billions more Internet of Things devices predicted to come online by 2021, traditional wireless solutions will not able to fully meet the needs to connect them all.
• [New] As the Internet of Things proliferates within the United States, U.S. civilians will be more vulnerable to foreign influence and attacks.
• [New] Within the next decade, the Internet of Things is expected to grow to an estimated 200 billion connected sensors around the world.
• [New] Something like 42 billion Internet of things devices will be sold by 2025, and so the role of storage is not only centralized to data centers.
• [New] By 2025, total economic value created through IoT could reach $11.3 trillion across sectors and application areas.
• The revenue from technology affiliated with the Internet of Things will eclipse 1.6 trillion by 2025.
• There will be 125 billion IoT devices, and cellular IoT connectivity will grow to 3.5 billion devices by 2030, as predicted by Ericsson Mobility Report.
• Because of the rapid rise of IoT, billions of devices are now collecting data almost every second all over the world, and the continued digitalization of businesses, the vast data influx known as big data is projected to become a US$ 274 billion industry by 2022.
• China is establishing an autonomous global ecosystem where in the era of the Internet of Things, artificial intelligence, cloud services and ultra-high-speed networks (5G today, 6G in the future), integrated Chinese technologies will play a key role.
• Around 80% of organizations that implemented the Internet of Things have realized greater value than expected.
• Narrowband Internet of Things could lead the cellular IoT module shipment in terms of volume in the next three years.
• We are going to dive deep into the trend of Internet of things which has seen a huge resurgence in the past few years.
• Kineis operates 8 satellites and will launch a 25-nanosatellite constellation in 2023 to boost capacity and develop new use cases.
• Companies such as Cisco, Ericsson and other players have been projecting the exponential expansion of connected IoT devices for years.
• Storage device maker Seagate Technologies is using IoT sensors and artificial intelligence on its manufacturing line to predict equipment failures in real time.
• Recent release of the IDC Worldwide Semiannual Internet of Things Spending Guide indicates a rebound to double-digit growth in 2021 and achieve a compound annual growth rate of 11.7% over the 2020-2024 forecast period in Asia/Pacific (excluding Japan).
• According to PwC, 41% of industrial manufacturers have already felt the benefits of IoT implementation in supply chains, while another 40% hope to see an effect within two years.

Last updated: 05 March 2021