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 application...
TMT Market Research and Analysis