Top 15 Industries Using IoT Applications
Technologies are moving full steam ahead, and the Internet of Things is no exception.
According to a Gartner special report, about 25 billion “things” will be connected to the Internet of Things applications next year.
In order to fully comprehend the power of IoT technology, it is worth mentioning that, except for smartphones, no single business in history has hit the trillion-dollar mark as quickly as IoT does.
So, how exactly do IoT applications transform our lives? Let’s find it out, overviewing 15 industries embracing this promising tech. The overview will be based on IoT use cases.
What Is IoT?
The Internet of Things, or IoT, is a network of interconnected physical devices, vehicles, buildings, and other objects equipped with sensors, software, and networking capabilities to collect and exchange data.
These devices can range from everyday household appliances to complex machinery in industrial settings.
IoT technology enables these devices to communicate, thus making our surroundings smarter, more functional, and more responsive.
The List of 15 Industries Benefiting from IoT Applications
IoT’s impact is not limited to any one sector. It has made inroads into many industries, improving their operations and providing new opportunities for growth.
Here is the list of the 15 industries that are leveraging the capacity of IoT to their advantage.
IoT in Healthcare
IoT is widely applicable in healthcare for ongoing health monitoring, preventive medicine, improved communication, and much more.
IoT devices allow the collection of relevant data from patients, processing it with analytics software, and sharing it with doctors and care teams for their expert assessment.
According to market research, the global IoT in Healthcare Market size is expected to increase from $127.7 billion in 2023 to $289.2 billion in 2028 at a CAGR of 17.8% over the marked period.
IoT in Manufacturing
There are numerous IoT manufacturing use cases, but one of the most outstanding ones is represented by IIoT (Industrial IoT) equipment with infrared thermography, showing different colors without having to touch the equipment.
With the help of such devices, engineers and mechanics can detect faulty connections, abnormal motors, pipe temperatures, etc.
IoT in Agriculture
Agriculture automation using IoT is no longer a dream. Today, IoT-connected devices rapidly transform farming and agriculture sectors, making them more industrialized and technology-driven.
There are numerous IoT agriculture sensors already used in the industry, including those attached to the animals to provide farmers with the ability to monitor animals’ health and log performance.
IoT in Transportation and Logistics
Supply chain logistics and transportation is another trendy field that adopts IoT applications.
By using radio frequency identification (RFID) and GPS sensors, manufacturers and transport systems can safely supply products from their place of origin to every consumer.
As per Statista, the IoT transportation and logistics market increased from $10 billion in 2015 to $40 billion in 2020 and continues to grow. The success of the IoT logistics system explains this four times growth of investments.
IoT in Supply Chain
Connected to computer systems via data or Wi-Fi networks, IoT solutions for the supply chain allow monitoring, reporting on, sending, and exchanging data. For example, monitoring the condition of such goods as food and chemicals is essential but not always possible.
IoT solves this problem, providing the ability to control temperature, humidity, exposure to the atmosphere, light intensity, and other environmental factors.
IoT in Smart Homes
With the Internet of Things for smart homes, the future is already here. It has come along with such innovations as a home security system using IoT that informs the owner through a notification in case of unauthorized entry or whenever the door is opened.
One of the best things about this smart home security system is that it does not require almost any maintenance.
IoT for Smart Cities
The Internet of Things for smart cities is like magic for urban dwellers. It’s the reason why traffic flows smoothly, trash gets picked up when it’s supposed to, and we’re not wasting energy like crazy. Basically, it’s all about making city life better and greener.
So, smart city technology is all about using data to make our urban lives awesome. Think about those cool traffic sensors that keep the cars moving and save us from getting stuck in jams. Or those trash systems that tell the garbage trucks when it’s time to roll.
And don’t forget about those streetlights that can change brightness depending on what’s happening in real-time. All of these gizmos make our cities run smoother, be eco-friendly, and just great to live in.
IoT in Telecom
Telecom companies are using IoT for better networks, managing stuff, and keeping customers happy. IoT helps them expand services and improve user experiences.
They’re basically plugging IoT into their systems to make networks run smoother and give users a better deal. With IoT gadgets, they can see how well the network’s doing and tweak things to make it even better.
Plus, they’re keeping a closer eye on their equipment, which means less downtime and fewer headaches for customers.
IoT in the Finance and Banking Sector
When talking about industrial IoT applications, banking solutions using IoT should not be forgotten as they offer a number of significant benefits to both workers in finance and banking and their clients.
Banking IoT applications such as Arimo allow for the detection of fraudulent or unusual customer behavior using machine learning algorithms that analyze all the data, revealing suspicious cases.
IoT in the Hospitality Industry
There is no doubt that IoT future applications for the hospitality industry will significantly improve the level of service and customer satisfaction.
Hilton and Marriott have already experimented with hyper-personalized hotel rooms where users could control such room features as heating, ventilation, and air conditioning from their mobile phones or a provided tablet.
IoT in Education
Since the modern learning process is not limited only to the combination of images and texts, applications of IoT in education are supposed to enjoy a bright future.
In terms of the educational process, IoT applications can be seen as powerful creative tools and game changers.
Providing numerous features that offer exciting possibilities in teaching and learning, IoT applications in education are predicted to transfer the way students perceive learning.
Energy and Utilities
IoT is a big help in making energy and utilities work better and greener. Smart grids, energy control, and predicting fixes all cut down on energy waste and make things more dependable.
Energy and utilities are getting a major upgrade thanks to IoT. Smart grids, powered by IoT, let them keep an eye on energy in real-time, so it’s used better and outages are fewer.
Plus, IoT gadgets help them keep an eye on their gear and fix it up before it goes kaput, making things more reliable.
Construction and Real Estate
In construction, IoT helps watch over equipment, keep sites safe, and automate buildings. In real estate, smart buildings offer improved comfort and energy efficiency.
For construction, IoT watches over big machines and keeps an eye on safety at building sites. It’s like having sensors that track how the equipment’s doing and make sure workers stay safe.
In real estate, smart buildings use IoT to be smart with heating, ventilation, and lights – all while saving energy. They also level up security with smart access controls.
Environmental Monitoring
Environmental monitoring gets a boost from IoT with sensors that watch over air and water quality, check the weather, and keep an eye on wildlife. This data is highly important for protecting the environment and responding to disasters.
Using IoT to watch over the environment gives us critical info to protect nature and people.
Sensors for air quality tell us when the air’s not so great, so we can do something about it. Water sensors analyze yucky stuff in the water, which is vital for saving aquatic life and a big help for wildlife conservation.
Automotive
IoT is shaking things up in the car world with connected vehicles, predictive maintenance, and safer driving.
In the car world, connected vehicles with IoT tech are now the standard. They give real-time updates on how they’re doing, which helps manufacturers offer maintenance before you even notice a problem.
On top of that, IoT makes driving safer with stuff like lane warnings and avoiding collisions. It also helps navigation by giving you real-time traffic and weather updates to plan your route better.
Conclusion
The Internet of Things is not just a buzzword but a transformative power reshaping the way industries function and deliver value to customers.
As IoT continues to grow and change, we can expect even more sectors to adopt this technology, which promises to make our lives smarter and more efficient.
Keeping pace with the latest technology trends, SCAND delivers top-notch IoT application development solutions.
We have relevant expertise in app deployment to gadgets, servers, and cloud services. Whatever solution you need, our teams will do their best to provide you with a highly efficient, customized product. Contact us with any questions.
