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.