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Technology and Market Analysis of the Internet of Things

Ph.D. Park Se-hwan, Korea Institute of Science and Technology Information (KISTI), Seoul, Korea
Wednesday, April 16th, 2014

Internet of Things (hereafter IoT) refers to intelligent networking technologies and the environment that connects to a wired or wireless network, often in interest about things lying about that collect information, interacting with each other while sharing[1][2]. Real-world objects and virtual worlds are connected through a network of people and things relating to each other anytime, anywhere, via communication networks between environment-oriented on the Internet with machine-to-machine (M2M) communication services[1][3][4][5]. The basics of IoT are shown in Figure 1.

Source : Min Kyung Shik(2012. 6), Global Trends of ICT R&D Policy(NIPA, 2013. 6) / recomposition

Core Technology of IoT with Sensing and Networking Technology includes advanced features such as built-in sensors in order to implement IoT is developed as follows[1]: Standardized interface platform and information processing modules are built into one smart sensor. To extract information from the detected data through virtual sensing function is applied to IoT service interfaces. IoT interface technology services implement the following functionality that requires advanced technology[1]. Location determination and location checking abilities, situational awareness and cognitive abilities, such as location-based tracking. Open sensor-based application programming interface (API) and virtualization. Open platform/middleware processing/data mining/web services/ social network services, such as process management.

As the industry's global market scale expected in 2020, such as healthcare, retail and transportation industries, including economic value added through the IoT industry $1,900Billion is expected, too[3]. Ubiquitous Internet connectivity was about $40 billion in 2010, about $150 billion in 2012, $800 billion in 2020, has increased due to the rapid expansion of the internet infrastructure[4]. (See Table 1)

Source : Global IT Trend (NIA, 2012. 4) / recomposition

IoT industry-related companies are pursuing things to become the Internet industry's technology leader in the development of major national and international companies. Product transition and major corporate commercialization trends are briefly summarized[3]. British ARM is headquartered in Cambridge, United Kingdom in July 2013, building things and the Internet business.[6]. IBM in the US in April 2013, for connecting to the Internet and things gateway, the development of the site, MessageSight. (See Figure 2) CISCO in the US is the thing of the future and data including all but water is connected to the Internet, the so-called all things Internet (IoE : Internet of Everything), the era will develop into a strategy[7]. (See Figure 2) Prominent companies such as AT&T and VERIZON and domestic mobile telecom 3 (SKT, KT, LGU+) are actively involved in the field of network and service.

References

[1] Min Kyung Shik, “Internet of Things”, NET Term, KISA, 2012. 6.

[2] "The Internet of Things Is Poised to Change Everything“, IDC, 2013. 10.

[3] “Main Trends of IoT Industry”, Global Trends of ICT R&D Policy, NIPA, 2013. 6.

[4] "M2M Services, carriers new Revenue Source of Injury," Global IT Trend, NIA, 2012. 4.

[5] http://www.cellular-news.com/story/53577.php

[6] "ARM Brings the Internet of Things To Life On Its Campus", Data Center Knowledge, 2013. 7.

[7] CISCO, http://www.cisco.com

[8] Mashable, "Nike Unveils FuelBand for Tracking All Physical Activity", 2012. 1.


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