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Raise of tiny machines
How on earth the word IoT came, who defined it?
Kevin Ashton from Britain is the one who coined the term Internet of Things(IoT) in 1999.
How he ended up naming it?
A network that connects people already existed and then how about connecting objects around people from that only IoT word came.
Classification of IoT devices
The boom of IoTs leads to a rapid increase in usage of MCU with Baremtal or RTOS option to achieve deterministic behaviour. In short, basically connecting any object to the internet with cloud interface is IoT.
Facts about IoT
- Market value of IoT: 1.1 Trillion USD spending 2023
- Total number of IoT platforms: 620
- Smart home system 2020: 115bn USD
Analysis of the IoT device forecast
IoT is emerging technology increase the demand of embedded system engineers. However, you will see the data gathered from Stasta source.
Total Internet of Things connected devices is forecast estimated to reach around 21.5 billion units by 2025. On 2018, the communications segment takes a big piece of cake for the bulk of IoT devices followed by the consumer and commercial and industrial electronics segments, account for 5.9 billion and 5.4 billion units respectively. There are many verticals of adoption for the IoT, from wearable devices, to smart cars, smart homes, cities and even industrial equipment.
Below graph is about the forecast of total IoT device connected could be around 21.5 billion units by 2025.
More detailed breakup information about the graph from the vertical sector-wise is mentioned below.
