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IoT to make more cities smart, creating opportunities for LED players

The increasing demand for Internet of Things (IoT) is compelling companies to make their products compatible with it, including LED lighting solutions.

By BizLED Bureau

August 27, 2015: The increasing demand for Internet of Things (IoT) is compelling companies to make their products compatible with it, including LED lighting solutions. As a result, soon IoT will connect 1.1 billion devices in smart cities in 2015, and 9.7 billion devices by 2020, and smart homes will lead with 294 million connected devices in 2015, said Gartner, a global technology research firm.

IoT is a network of devices embedded with, software, electronics, sensors and connectivity that help it get greater services by exchanging data with manufacturer, operator and anybody connected with the devices.

A Gartner report, ?Smart cities will include 10 billion things by 2020?, pointed out that smart homes and smart buildings represent 45% of connected things in use in 2015, which may touch 81% by 2020.

“Smart cities represent a great revenue opportunity for technology and services providers (TSPs), including LED lighting solution providers, who have to plan, engage and position their offerings in advance,” the report said, quoting Gartner research vice-president Bettina Tratz-Ryan.

As majority of IoT spending for smart cities will come from the private sector, TSPs will benefit with shorter procurement cycles than the public sector.

As more people will invest more in smart-home solutions, the number of connected devices in smart homes will cross one billion units in 2017, which will include smart LED lighting, healthcare monitoring, smart locks and sensors for motion detection or carbon monoxide.

Smart LED lighting will record the highest growth of IoT consumer applications, with 570 million units expected to be sold by 2020 as against 6 million in 2015, as light will be a communication carrier than an illumination source.

“Homes will become information and smart-enabled, with an integrated services environment to provide value and create individual-driven ambience. They will become personal space that provides assistance or concierge experiences to an individual,” Tratz-Ryan asserted.

Besides investing for residential use, IoT can be deployed for on-street and off-street parking guidance, road traffic guidance and traffic flow metering.


None of the facts and figures mentioned in the story have been created by BizLED.co.in. BizLED is not responsible for any factual errors.
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