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Wireless sensor networks IoT market to reach $12B in 2020

Posted: 12 Mar 2014     Print Version  Bookmark and Share

Keywords:wireless sensor network  Internet of Things  smart grid  big data 

According to a study by ReportsnReports.com, global markets are set to experience significant growth as the semiconductor wireless sensor network is used to implement the Internet of Things and to monitor pipelines, oil wells and healthcare patients. With nine billion devices connected to the Internet in 2014, phenomenal growth is likely to occur when that number rises to 100 billion by 2020, added the market analyst.

Semiconductor wireless sensor networks are used for bridge monitoring, implementing the smart grid, Internet of Things and monitoring for security implementation. The systems are used to drive energy savings in homes and commercial buildings.

The sensors connected to the Internet promise to bring big data explosion. Much of the data will be discarded, as users get simply overwhelmed by vast volumes. Analytics will become popular inside the wireless sensor networks so that alerts are generated at the point of collection of data.

The issue is how to embed analytics into the wireless sensor network control units so that only the alert data needed is transmitted. Users of information need to be able to find, control, manage and secure the information coming from sensors onto the network. Users need to analyze and exploit the information coming from sensors.

Advanced technologies for wireless sensor networks are associated with emerging ways of interconnecting devices that have never been connected before. Networking is based on leveraging the feasibility of making sensors work independently in groups to accomplish insight not otherwise available. Advanced storage devices are emerging simultaneously with the energy harvesting devices that are economical, making sensor networks feasible. Storage devices can leverage the power captured by energy harvesting when sensors and devices are interconnected as a network.

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