The Global AI Bootcamp in ,
is a free event on
08 January 2022 from
09:01 - 15:00 (GMT).
Registration not open yet Call for Papers
About the event
The IoT functions as a global infrastructure for the information society, enabling advanced services to interconnect things based on existing and evolving communication technologies (ICT) and interoperable information and ability to communicate with each other independently without human intervention will open up new revenue streams, drive business efficiencies, facilitate new business models, improve the way existing services are delivered across many different sectors.
The global Internet of Things (IoT) market size was USD 308.97 billion in 2020. Based on our analysis, this market exhibited a significant growth of 23.1% in 2020 compared to the average year-on-year growth during 2017-2019.The market is projected to grow from USD 381.30 billion in 2021 to USD 1,854.76 billion in 2028 at a CAGR of 25.4% in the 2021-2028 period. The steady rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
In the scope of the study, we have considered IoT platforms and solutions & services provided by the players such as - AT & T, Inc. offers solutions such as deployment services, vehicle solutions, integrated solutions, smart cities, and others. Cisco Systems, Inc. provides solutions such as network connectivity, data control, and exchange, connectivity management, edge computing.
Siemens AG provides solutions such as industrial edge, digital twin, and others. The global impact of COVID-19 pandemic has been unprecedented and staggering, with IoT solutions witnessing a negative impact on demand across all regions amid the pandemic.
Healthcare officials and manufacturers are working relentlessly to provide the right services to protect citizens from coronavirus. Hospitals have started using connected thermometers to monitor patients and staff. For Instance,
In January 2021, Nuance Communication, Inc. launched an AI-powered virtual assistant platform for patient interaction to change voice and digital experiences throughout the patient journey.
The Shanghai Public Health Clinical Center (SPHCC) and seven other hospitals across China are presently utilizing temperature sensors to monitor COVID-19 patients to reduce staff risks at the hospital.
The front-line emergency departments are utilizing drones, telemedicine, and other tools to combat the pandemic better. For instance, China and Spain deployed drones to track citizens during the lockdown, whereas South Korea has installed drones to help clean parts of Daegu, an outbreak hotspot. Asimov Robotics Pvt Ltd, an AI start-up in Kerala, India, deployed robots at the entrance of office buildings and public places to dispense hand sanitizer and deliver health messages.
On the other side, as coronavirus outbreaks started in China, several semiconductor manufacturers witnessed supply chain disruptions due to workforce and transport issues' unavailability. There was a rapid decrease in demand in the initial period. However, it is anticipated to get back to normal as companies are reevaluating their supply chain model and adopting several distribution strategies.