Analysts at ON World expect 5 billion sensing Internet of Things (IoT) devices by 2019.
“The Internet of Things is here,” ON World research director Mareca Hatler recently told CIOL. “There are thousands of applications today using millions of wireless sensing devices that create life enhancing changes in energy usage, security and safety, health and wellness, smart lighting, building management and optimized industrial processes.”
More specifically, says Hatler, the majority of wireless sensing and control devices will be Internet connected by 2019, with cumulative shipments between 2010 and 2019 reaching 5 billion worldwide.
As noted above, key markets for wireless IoT platforms include:
- Smart homes & buildings – Millions of residential and commercial buildings are already equipped with cloud-connected wireless sensing and control solutions for safety, security, lighting, energy management, comfort and convenience.
- Smart energy – Over a billion Internet connected smart meters will be installed worldwide within the next decade.
- Smart lighting – Smart lighting is one of the fastest growing markets for IoT solutions. Indeed, by 2020, there are expected to be 100 million Internet connected wireless light bulbs and lamps for residential, commercial and municipal lighting.
- Health & wellness – Mobile sensing solutions are projected to be the largest IoT market, with health and wellness making up the majority of the applications. Between 2013 and 2017, ON World predicts 250 million wearable health and fitness sensing devices will be shipped worldwide.
“Wirelessly connected Internet of Things solutions are changing the way people live and interact with their environment,” ON World analysts conclude. “The meteoric rise of smart devices and cloud-based software and apps are transforming nearly every aspect of our lives.”