Analysis on the prospect and influence of IOT Industry
Source: Wulian smart home solutions
Date: 2012/09/18
IOT, as the name implies, is another network where things get connected with each other. Many people know very little about this, while even a seventy-year-old woman can say something about it. Tons of billionaires are created in internet age, and its influence to the human society is significant and profound. Internet economy is a virtual concept in itself, which is built on plentiful infrastructure such as PC, fiber laying etc. All these are piled to a huge and glorious bubble and global financial crisis will arise for lack of entity economy as the basis when the bubble breaks. And, the negative effect still exists till now.
Although IOT built on Internet, Wulian is in fact the real economy which makes things connected with each other and people connected with things through abundant sensors and controllers. It can be applied in a variety of fields, including urban public safety, industrial safety production, environment monitoring, intelligent traffic and home, public health, health surveillance etc, almost covering every aspect of your life.
Experts predict that IOT will be probably popularized, widely used in multiple fields, including smart traffic, environment protection, government, public security, home, intelligent fire fighting, industrial monitor, elderly care, personal health etc. A huge market which tends to bring trillions of dollars will be born.
That is to say, with the promotion and popularization of IOT, almost all electrical appliances, household items, and vehicles we use today need to be upgraded and replaced. And, technology will meet the explosive development, and all types of manufacturing will get rid of the hard situation to embrace its rapid development again.
According to this, IOT development will reach an unprecedented degree. Taking IOT smart home which boasts mature technology and has been brought to the market successfully with continuously rapid development for example, a basic smart home system covers a series of functions, including smart lighting system, electrical appliance control system, environment control system, intelligent security system etc, dozens of relevant wireless sensors, controllers and some supporting facilities involved in. If customers want choose more functions, much more sensors are needed. At that time, a single item of smart home will be dozens of times the size of our current mobile communication industry.
According to the introduction of the head of marketing of the Nanjing Wulian Sensor Technology which is the leading supplier of IOT products and solutions, IOT smart home has showed its great market potential and smart home products has been in short supply status even through unremitting efforts have been made by us to expand our capacity. Even the global top 500 enterprises have to make reservations in advance. So far, Wulian Sensor Technology has launched a series of mergers and acquisitions activities to resolve the problem that growth of capacity is insufficient compared with demand.
While, smart home is only a little part of the corresponding applications of IOT, if joined forces with these fields including smart industry, smart agriculture, intelligent traffic, smart grid, smart environmental protection, intelligent security and intelligent healthcare, all industries involved will benefit from it.
All in all, on the one hand, rapid development of IOT stimulates public spending to promote the further development of economy. On the other hand, it motivates technological advancement to provide a large number of jobs. The two aspects form a healthy circulatory system and hence the side effect brought by financial crisis will be eliminated successfully and the whole world will embrace a period of flourish development.