From construction to transport, passing through telecommunications and energy, there are many sectors in which Internet of Things has already brought a revolution
The Internet of Things in recent times is having a large-scale diffusion. At the expense of even the usual cybersecurity issues. Smart and connected objects are now proving to be able to revolutionize different sectors, in the industrial field but not only.
Among the sectors that are starting to use IoT in a significant way we find the construction industry. In this case, we are talking about specific Internet of Things in Buildings (IoT), or smart objects designed for the creation and maintenance of smart buildings. These building systems allow for buildings that can adapt electricity based on the brightness of the day to avoid waste. Or they can have modern security systems, such as fingerprints or iris scanning. According to early estimates, this BIoT sector will grow from a value of $26.65 billion in 2015 to $75.5 billion by 2021.
In addition to construction, the Internet of Things, in its Industrial Internet of Things variant, will also change the manufacturing sector forever. Thanks to the IIoT, in fact, it will be possible to carry out work even in extreme conditions, since these are intelligent tools that reach places inaccessible to humans or large machines. IIoT will also allow work to be done within a company faster and with less chance of error. According to the numbers that emerged from a Forbes report on the Internet of Things, at the moment about 26% of the world's companies have decided to invest in these devices, while in the next 12 and 24 months the number will increase by another 36%.
Logistics and Transportation
IoT-type solutions are already changing the world of transportation and logistics. In fact, thanks to sensors, running a large warehouse has never been easier than it is today. IoT has enabled a constant tranceability of the product that is also reflected during the delivery phase to the customer. This means shorter and safer shipments. According to the "IDC IoT Spending Guide" research, transportation industries invested around $78 billion in Internet of Things objects in 2016 alone.
The energy market, especially in oil and gas, has been using IoT solutions to manage and monitor production for quite some time. This allows companies operating in the sector to have constant reports on the amount of fuel taken and thus avoid penalties. According to research conducted by Nester in 2015, IoT generated $6.8 billion in energy investments, a figure that is set to rise to $26.5 billion by 2023.
With climate change and the total number of people on Earth constantly increasing, agriculture must become smart. That is, it must be able to increase production while decreasing waste, pollution and costs. To do all this, the solution is the Internet of Things. According to several studies on the global agriculture market by 2022, connected objects for crops will have generated a $20 billion market.
Telecommunications will have to manage an increasing amount of data in the future. For this reason, the use of Internet of Things objects will be critical. According to a Technavio study, on the global telecommunications market, 42% of companies operating in this sector will have IoT systems by 2020.
Smart Home and Smart City
To reduce expenses and increase security even within our homes we would adopt IoT objects. In fact, in many cases we already have. Think of thermostats or smart light bulbs. The same argument should be made for cities. From mobility to citizen safety, there are many aspects where smart objects can help us. The IoT in this field is so growing that already in 2019 will reach 1000 billion dollars of investment. The leading countries in this field are the United States, Germany and China.