Internet of Things (IoT) Use Cases & Verizon IoT Report
Mainstream adoption and integration across varied business sectors is unleashing an array of Internet of Things (IoT) use cases. These practical IoT applications are making a substantive, real-world impact and represent a boon for businesses as well. From 2014 to 2015 alone, IoT network connections experienced marked growth.
Verizon and AT&T have created proprietary developer platforms to spur IoT applications, and their extensive wired and wireless networks, accelerated by 5G, will help support the next wave of advances.
This week’s release of Verizon’s “State of the Market: Internet of Things 2016” denotes a sea change for IoT. The focus today, Verizon notes, has shifted from merely forecasting the potential of IoT technology. Rather, mainstream adoption and integration across varied business sectors is unleashing an array of IoT use cases. These practical IoT applications are making a substantive, real-world impact and represent a boon for businesses as well. As Verizon’s data confirms, the IoT opportunity is substantial. From 2014 to 2015 alone, IoT network connections have experienced marked growth. Gains include energy/utilities (58 percent); home monitoring (50 percent); transportation (49 percent); smart cities (43 percent); agriculture (33 percent); healthcare/pharma (26 percent).
– Read more at: https://www.ustelecom.org/blog/business-case-iot#sthash.7LP9AAcI.dpuf
“We are beginning to see a more even distribution of IoT spend across regions as the momentum of this market drives enterprises to adopt IoT solutions globally,” said Carrie MacGillivray, vice president, IoT and Mobile research. “Vendors must be mindful to having global IoT product strategies, but at the same time, they must have a regional strategy to ensure that local requirements and regulations are met.”