The number of IoT devices worldwide is skyrocketing. It is estimated that more than 75 billion IoT devices will be installed by 2025, 5 times more than 2015. This is a large market, an opportunity for businesses to participate in building innovative IoT products.
IoT (Internet of Things) is the ability to connect a sensor or device to the Internet so that other devices can also recognize it, thereby analyzing and synthesizing data that people or the economy need to collect. Industrial applications of IoT technology are diverse. Tens of billions of IoT devices are already present in every nook and cranny of systems such as in cars, in buildings, in communities, in agriculture, in airplanes, throughout space, and mounted on the planet. human body for health monitoring.
According to the Ericsson Mobility Report, by 2021, it is expected that there will be 28 billion connected devices, including 15 billion IoT connected devices including M2M (machine-to-machine) devices such as smart meters. , sensors on the road, retail locations, consumer electronics such as TVs, DVRs, wearables; The remaining 13 billion are mobile phones, laptops, PCs, and tablets.
In 2020, according to Gartner’s prediction, the added value brought by IoT will be $1.9 trillion. And according to McKinsey, by 2025, IoT will contribute to the global economy $11 trillion. Research indicates that automation used in buildings is predicted to have the highest growth rate in 2020, followed by the automotive and healthcare segments. It is forecast that the cost of IoT automation will increase from 726 billion USD in 2019, to 1.1 trillion USD in 2023.
The driverless car of the future will drive itself on the street and it will need devices to help connect, the government will connect with the people through smartphones more and the people will also provide information to the people. Government by phone. Currently, Vietnam is also gradually integrating into this 4.0 technology era with policies on digital government and digital economy.
Recently, carriers have launched 5G with faster and more stable transmission, so it is expected that this year some organizations and businesses will further accelerate the application of IoT. In today’s age IoT is not just a single technology but it is the foundation for collecting and analyzing data, thereby driving future innovation and economic growth.
IoT plays an important role for economic and digital transformation in the vision towards 4.0 era of developing countries like Vietnam. The consideration of IoT applications not only stops at the “magic eye” in intelligent traffic monitoring and control centers, but can also be replicated in people’s daily lives.