IOT IMPACT ACROSS SEGMENTS
Smart Watches and Wearable – This vertical has taken off with wide range of fitness gadgets and smart watches. The volume is in consumer centric gadgets today. The market for remote healthcare and disease management and tracking with clinical grade devices is slower to emerge.
Smart Homes and Appliance - There are varied use cases. The driver for Smart Appliances is primary returns, warranty and scheduled maintenance more than anything else. The dream of Smart Homes has been on the radar for more than 2 decades now, but it will still be only for high-end homeowners who can afford it. Smart Meters/Smart Grid - Already close to 50% of the homes in US have smart meters and Europe is deploying in a huge way. Asia is slow in adoption. In India it has happened only in the state of Maharashtra for a large scale deployment of the tune of 3M meters. Smart Buildings- Focus is more on energy management and security. We are seeing active deployment of energy management scenarios with automated HVAC and lighting control based on occupancy worldwide.
Transportation – Mostly focused on fleet management of cars, trucks, busses via telematics. Several consumer centric gadgets and IoT solutions are available all around the world today in terms of plugging into the OBD2 port of the car and analytics to understand and schedule maintenance.
Smart City - Primary driver would be Smart lighting to reduce energy usage first and foremost followed by security/surveillance. There is a big push worldwide to move to LED street lights and connected smart lights will give additional benefits along with this LED switchover. Industrial Automation – It would be a slow start in terms of IoT getting into the current Industrial Automation systems, but monitoring of the equipment to predict failure, asset tracking etc. are already starting to happen in a large way.