TRENDFORCE says unifying communication technologies will be key to seizing opportunities in the Internet of Things sector.
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TRENDFORCE says unifying communication technologies will be key
to seizing opportunities in the Internet of Things sector.
The 2015 IoT market will be valued around US$65 billion, claims
TrendForce. IoT solutions will be used for a wide range of applications,
including manufacturing, healthcare, smart home, education and more.
Given the specific needs for each industry, no one company will
be able to come up with a universal platform that suits everyone. Therefore, to
progress in the IoT sector, companies and industry groups will need to
collaborate.
All participants must work together to improve areas such as
data management and analysis and integration of multiple systems, creating an
open ecosystem.
Already, moves are occurring in this direction. IBM, for
example, announced that it would invest US$3 billion over the next four years
to create a new IoT unit. It also announced a collaboration with The Weather
Company to provide weather data to unmanned aerial vehicles, buildings, and
smartphones sensors.
Cisco, a major network equipment manufacturer, is also
committed to building a strong IoT portfolio. It offers comprehensive solutions
for various applications through cloud computing and focuses on implementing
advanced data analytics.
Given the necessity of transitioning from IPv4 to IPv6 in order to accommodate for
the flood of new connected devices thanks to IoT, companies need to make the
transition as smooth as possible and ensure interoperability between different
devices.
According to TrendForce, growth of IoT business opportunities
depends on the ability to exchange data under a standard communication
protocol. In wireless communications, however, there is no generally accepted
technology for exchanging data. Bluetooth, NFC, Wi-Fi, ZigBee, and many others
are still fighting to become the networking standard.