Skip to main content

Explore the Emerging Internet of Everything Ecosystem

Having thoroughly researched the topic, IDTechEx has mapped the Internet of Things (IoT) ecosystem, where things are collaborating with other things without human intervention at the time.

These things have internet protocol (IP) addresses, micro-controllers for local data processing and they sometimes include sensors. The Internet of People (IoP) is very different -- a renaming of the world of smartphones and other internet-enabled personal electronics, it is maturing but adding wearable personal devices and new human interfaces.

Thirdly, there are many other dedicated identification and sensor systems for things but these do not have IP addresses at the item level, using other data standards or proprietary systems. According to the  IDTechEx assessment, these are  NOT truly IoT as a result -- but some include them as part of the topic which leads to widely varying market forecasts.


IDTechEx see two main application sets emerging for IoT – consumer applications, driven by the proliferation of smart phones and tablets which can connect to objects -- including wearable technology, home automation, healthcare and fitness, vehicles and infotainment; and industrial and government applications, such as infrastructure monitoring, lighting, transportation and process automation.

The latter will succeed where IoT solves problems, and this, based on history, can be more challenging that at first glance. Businesses seek a clear return on investment before investing, and the adoption of non-IP based sensor systems has been slower than expected in many respects.

Many systems are used in closed loop scenarios where few nodes are used and there is more value in the complete solution supply. Often there is some degree of supplier lock-in -- using systems dedicated for a particular application which also helps to prevent the hardware from becoming commoditized.

With reluctance from incumbent suppliers, some of that may transition to IoT-IP based devices in time, where hardware will be commoditized.

Then there are other applications such as very low cost, high volume passive RFID tagging 3 billion items of clothing in 2014, where retailers can see sales increase by 3 to 20 percent by reducing apparel stock-outs.

The low price points and rapid volume adoption of passive RFID will see the unit volume of non IP addressed objects being the higher volume opportunity, compared to IoT devices with an IP address which will be more expensive.

The wild card here is Government funded projects. Historically and unexpectedly, governments have made huge investments in wireless identification and sensor systems and they do not seek rapid ROI but do things for improved security, efficiency etc.

Examples are governments mandating smart meters -- the world’s largest mesh network using ZigBee, without which ZigBee would be a failure. Other examples range from tagging animals to passports to road tolling, usually very profitably for suppliers.

Consumer applications will be a great opportunity for IoT. Unlike industrial IoT implementations it is less about ROI and much more emotional, with consumers prepared to pay for useful products and systems.

IDTechEx believes that the business models here are still embryonic and there will be many concepts tried and novelty peaks before strong, sustainable IoT markets emerge. These will usually provide better and new consumer services and propositions -- benefits consumers want and are prepared to pay for.

Popular posts from this blog

Hybrid Work: How to Enhance Employee Productivity

When you hire qualified talent for a key role and trust them to perform, you'll likely achieve the best outcome. Skilled and experienced people will deliver results, regardless of the challenges. That's a key lesson learned from the pandemic experience as most knowledge workers were asked to work from their homes. However, some resist returning to an open-plan office. It's unacceptable. Meanwhile, forward-thinking leaders decided a "return to normal" is undesirable, and in hindsight, everyone should aspire to be more accomodating than before. Therefore, location flexibility is okay. Hybrid Workforce Market Development How will people adapt to these changes? They'll apply the modern IT tools at their disposal. They'll learn new skills and thrive. Nearly 80 percent of employees are now successfully using online collaboration tools for work in 2021 -- that's up from just over half of workers in 2019, according to the latest market study by Gartner. This g

Mobility-as-a-Service Creates Disruptive Travel Options

Building on significant advances in big data, analytics, and the Internet of Things (IoT), more innovative transit service offerings aim to increase public transport ridership and reduce emissions or congestion within metropolitan areas. By providing these services through smartphone apps, the transit services also significantly increase user convenience, providing information on different human mobility offerings -- including public transport, ridesharing, and autonomous vehicles. Mobility-as-a-Service Market Development According to the latest market study by Juniper Research, Mobility-as-a-Service (MaaS) subscribers will generate $53 billion in revenue for MaaS platform providers by 2027 -- that's rising from $5.3 billion in 2021. Let's start with a basic definition. MaaS is the provision of multi-modal end-to-end travel services through single platforms, by which users can determine an optimal route and price. The study identified a monthly subscription model as key to incr

Upside for New 5G Network Transport Infrastructure

The global mobile communication sector is in the midst of a significant network infrastructure upgrade to support the introduction of new high-bandwidth and low-latency broadband service offerings.  Telecom service provider data centers have an important role in fifth-generation (5G) network deployments. Providers undergoing their transition to Stand-Alone (SA) 5G must understand the technical demands of telco data centers and the key enablers of those offerings. According to the latest worldwide market study by ABI Research, the major prerequisites of 5G and the emerging transport solutions would help operators position themselves to successfully capitalize on the new revenue opportunities from delivering differentiated 5G connectivity services. 5G Transport Network Market Development "The rise of the telco data center has a high degree of confluence with the requirements of SA 5G architectures. SA 5G and its increasing reliance on telco data centers can be attributed to the incr