Technology has evolved significantly in the last decade and the rapid advancement in technology has changed many aspects. We have noticed that the advances in technology have taken our lives to an extent which was entirely unpredictable few years ago. Enterprises have started researching level where it is now possible to equip objects with artificial intelligence and appropriate communication. Internet of Things has taken center stage and with increased adoption of emerging technology, propagation of wireless sensors and prevailing of consumer applications it is on the way of becoming next reality. IoT offers augmented growth opportunity to organizations which are adaptable to technological innovations and trends. It is being expected that IoT has laid impact on IT giants, leading semiconductor companies and even the governmental organization.
According to the researchers, IoT will bring game changing revolution in the coming years. Geographically it has gained the market share and has also composed in the market by application verticals. Building Automation, Consumer, Wearable Electronics, Industrial, Automotive & Transportation, and Agriculture are few major areas where IoT market is segmented in the form of application verticals. Within these application segments market for key sub-segments is covered. IoT brought some geographical changes which showed market penetration in terms of market revenue for Americans. APAC and EMEA regions.
It has created evolution in the consumer application segment among all the Internet of Things verticals. As speculation runs high, it is further evolving and will create opportunities for developers beyond this vast ecosystem. Main market of IoT is being generated from the consumer segment. Thus it signifies that maximum market is being generated from devices as Smartphones, tablets and laptops, which accounts for more than 80 percent of the total revenue products. Apart from all this there are various standard protocols which also account for different wired and wireless technologies.
Trends and technology of current applications and devices is required rather than only providing the key aspects. This gave vital insights of all the major factors that plays crucial role in resolving the hype of Internet of Things. Thus it is mandatory to know about the various technological trends that can lay a major impact on its admissible markets. Wearable technology, IPV6, connected car, cloud computing, gesture recognition, augmented reality, big data, smart HVAC, smart lighting, mobile app development and precision farming are few technological trends that must be adopted by IT organizations.
We must have in-depth knowledge regarding different smart devices and application sub segments that resides within Internet of Things. Mobility is going through a phase shift as IoT provokes next generation information by connecting to objects used in day to day life. There have been many pivotal changes in the market so custom mobility solutions are required in order to make connectivity feasible. Big data, cloud computing technology and IoT is driving the overall architecture by adapting to the changing business needs as there is an urgent need of universal sharing of information. These certain strategies and technologies will be responsible for transforming the overall business process and further growth in the market.