By 2020, this number of IoT Devices is expected to surge to 100 billion.
Albany, NY (PRWEB) November 25, 2014
The 2014 report titled "Semiconductor Wireless Sensor Internet of Things 2014-2020" is composed of 640 pages and more than 260 illustrative tables and figures. Findings of the report state that this market is poised for growth globally, as semiconductor wireless sensor networks are increasingly used for implementing the Internet of things for applications such as: Pipeline and oil well monitoring, patient health monitoring, and more.
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The Internet of things is an emerging development of the Internet in a manner that establishes inter connectivity between everyday objects, allowing the exchange of data between these everyday objects. This can be achieved using semiconductor wireless sensors that can help do away with human-to-computer interactions.
Semiconductor wireless sensor networks are becoming much sought-after for smart grids, bridge monitoring, security implementation monitoring, and implementing Internet of Things. The importance of such systems is growing in the backdrop of a greater focus on energy savings. Essentially, anything that can be monitored using sensors and checked via a smartphone can incorporate these systems.
As of 2014, the number of Internet-connected devices stood at a staggering 9 billion. By 2020, this number is expected to surge to 100 billion, which will also be a phase of phenomenal growth for semiconductor wireless sensor networks and businesses control devices.
The report discusses the details of an anticipated big data explosion that will result from wireless sensors that are connected to the Internet. With vast volumes of data overwhelming users, the rate at which data is discarded will also be much higher. This is where analytics will gain prime importance as analytics embedded into semiconductor wireless sensors will help generate alerts when data is collected. However, embedding analytics precisely to ensure that only the relevant alert data is transmitted still needs considerable research. This gap will present opportunities to market players.
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According to the report, the emergence of such advanced technologies pertaining to the semiconductor wireless sensor Internet of things will establish connections between devices that were never previously connected to each other. An opportunity that will emerge as a result is that of setting up networking systems so that sensors can work independently as well as in groups.
From wellness initiatives to health care to smartphone apps, the use of semiconductor wireless sensors for the Internet of things will becoming more conspicuous in the coming years.
This report profiles leading market players in the semiconductor wireless sensor Internet of things industry. Market leaders are:
Markets for Sensors in the Internet of Things 2014-2021
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