Jola Cloud Solutions' Blog

What is the Internet of Things Market (IoT Market)?

Posted by Cherie Howlett on 04-Nov-2020 14:10:29

The Internet of Things is an innovative automation and data analytics operating system that captures networking, sensing nodes, big data, and artificial intelligence, to deliver complete orders for service. IoT systems have applications across industries through their unique flexibility and ability to be suitable in any environment. They enhance data collection, automation, operations, and much more through smart devices and powerful enabling technology. The IoT key features are the use of Artificial Intelligence, Connectivity, Active Engagement, and Small Devices.  The core benefits offered are improved security, flexibility and compliance. The potential is not just allowing multiple devices simultaneously but leveraging the enormous volumes of actionable data that can automate different business processes.


Global Internet of Things Market (IoT Market) Overview

The need for wireless networking technologies is the macroeconomic indicator, which is expected to cause a surge in market growth. The Internet of Things (IoT) being developed by market players and becoming increasingly connected via wireless connections, its necessary that a Wireless Personal Area Network (WPAN) be created to allow multi-vendor interoperations. Wireless networks attend to the unique requirements of smaller vertical markets and niche applications to provide the benefits of interoperability through standardisation. Each standard criteria of a wireless network have specific characteristics arranged and optimised to serve specific IoT applications. The IEEE 802 Wireless Working Groups, IEEE 802.11 Wireless LANs (aka Wi-Fi) and IEEE 802.15, develop standards not only for wireless networks but for IoT networks, mesh networks, wearables, and busy light communications.

The dawn of cloud data management in large scale IoT applications is anticipated to accelerate market growth. With cloud computing, there is no need for individual organisations to organise extensive hardware, construct management networks, and workflow development in IoT. The advantages offered by cloud services are providing lifecycle management, where Cloud had introduced the IoT remote device lifecycle management, which plays a crucial role in enabling a 360-degree data view of the device infrastructure. The enterprises can move the applications between the cloud and the node to support the claims. Other factors, such as reduced cost and the role of data analytics, will further foster market growth.

Common User Cases

IoT is no longer specialist. Almost every industry has a need to analyse data and reduce costs. We are focussed on partners in retail, transport & logistics, physical security, the public sector, construction, renewable energy and broadcasting.

SIMs are being used in IoT solutions in wind and solar farms, measuring and tracking key variables.  They are also used in smart TV cameras, which roam internationally.

Jola is an award-winning, channel-only supplier of business communications, specialising in mobile data SIMs. We are a global eSIM MVNO, providing innovative IoT and mobile data solutions to MSPs, ISPs, IT Support companies and Telecommunications Resellers.

We support partners incorporating our SIMs in IoT solutions in transport & logistics, physical security, the public sector, construction, renewable energy and broadcasting.

To find out more about Jola, request our Partner Pack.

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Topics: IoT

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