Astonishing Growth in IoT Services Industry

Astonishing Growth in IoT Services Industry

The Internet of Things (IoT) describes the network of physical objects - "things" - that are embedded in sensors, software and other technologies in order to connect and exchange data with other devices and systems via the internet.

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Some of the key players of IoT Services Industry:

Cisco Systems, Cognizant, Google, Infosys, Tieto Corporation, Virtusa Corporation, Accenture PLC, IBM, Tech Mahindra, and Harman International Industries

The definition of the Internet of Things has evolved due to the convergence of multiple technologies, real-time analytics, machine learning, goods sensors, and embedded systems. Traditional areas of embedded systems, wireless sensor networks, control systems, automation (including home and building automation), and others help make the Internet of Things possible. In the consumer market, IoT technology is most synonymous with products related to the concept of the "smart home", including devices and appliances (such as lighting fixtures, thermostats, security systems and cameras for homes and other household appliances) that support one or more more common ecosystems and can be controlled by devices connected to that ecosystem, such as smartphones and smart speakers. IoT can also be used in health systems.

There are a number of serious concerns about the threats to the growth of the Internet of Things, particularly in the areas of privacy and security. As a result, industry and government actions have begun to address these concerns, including the development of international standards.

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