Google reports that there are expected to be more than 64 billion IoT devices worldwide by 2025.
A lot of IoT (Internet of Things) based solutions have been developed and deployed in various industries. And to a good note, the healthcare industry has also been under this magnificent transformation. IoT (Internet of Things) based healthcare solutions can now solve the problem for patients suffering from heart diseases. It provides healthcare service based on the patients’ physical status without taking their feelings into consideration.
Recently, the IoT has adopted the healthcare system to collect ECG signals for heart disease diagnosis. The noises which are collected from ECG signals make diagnosis imprecise. However, there have been improvements made where the knowledge base has been created which helps process real ECG signals.
Whether it’s activity tracking for Cancer treatment or reminder to take medicine, IoT, Internet of Things has brought to bear on healthcare.
As we are moving towards a world which is more connected than ever, IoT is changing the game for most industries and healthcare is no exception. It will literally take over health in the next decade.
The Internet of Things Technology Market constitutes node component, network infrastructure, software solution, platform, and service.
The IoT technology market is expected to grow at a CAGR of 25.1% during the forecast period, to reach USD 639.74 Billion by 2022 from USD 176.00 Billion in 2016.
The base year used for this study is 2016, and the forecast period is from 2017 to 2022.Objectives of the StudyTo define, describe, and forecast the overall IoT technology market on the basis of node component, network infrastructure, software solution, platform, service, end-use application, and geographyTo strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contribution to the total marketTo analyze opportunities in the market for stakeholders and detail the competitive landscape for market playersTo forecast the market size for various segments with respect to four main regions: North America, Europe, Asia Pacific, and Rest of the WorldGet PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=258239167The IoT technology market comprises players such as Intel (US), QUALCOMM (US), Texas Instruments Incorporated (US), Microsoft (US), IBM (US), Cisco Systems (US), and Amazon Web Services (US), among others.Of all the major end-use applications, the industrial end-use application held the largest share of the IoT technology market in 2016.
The growth of the industrial application was primarily driven by the need to implement predictive maintenance techniques in industrial equipment to monitor their working and to avoid unscheduled downtimes in the production cycle.
Furthermore, the government initiatives such as Industrie 4.0 in Germany and Plan Industriel in France are also promoting the implementation of the IoT solutions for the industrial end-use application.Of all the regions, North America held the largest market share of the overall IoT technology market in 2016.
An established IT ecosystem and the early adoption of various IoT-enabled products across multiple end-user applications are the most prominent factors behind the growth of the market in this region.
Internet of Things or IoT is a buzzword in the corporate sector. The age of connected devices and mobility has started exerting its influence as entrepreneurs tend to jump on the IoT app bandwagon. However, a few entrepreneurs still wonder whether the hype around IoT is worth or whether the IoT technology can offer measurable business value. Here in this blog, we will shed light on how customized IoT solution can help your business prosper.
One thing is for sure. Though the IoT concept is still in the nascent stage, it has shown a glimpse of the immense potential for the modern business. This emerging technology is capable of creating constant value while offering complete control to the users. It is interesting to know how the enterprise IoT solution can unleash the opportunities for your business. But before that, let’s make a quick list of major challenges your business faces in today’s competitive scenario.
Crucial Challenges Your Business Faces
Technological advancements are focused primarily on solving the following business challenges:
> Security of Data
> Device Management and Control
> Integration and Management
> Scalability and Productivity
