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Internet of Things market to hit $7.1 trillion by 2020

The global Internet of Things IoT market is expected to grow by more than $5 trillion over the next six years, according to IT research agency, International Data Corporation (IDC). Worldwide and Regional Internet of Things 2014-2020 Forecast, IDC revealed its prediction that the global IoT market would hit $7.1 trillion by 2020, as people around the word — and particularly in developed nations — develop an affinity for full-time connectivity.

In 2013, the global IoT market stood at around $1.9 trillion. With around 90 percent of all IoT devices being installed in the world’s developed regions. The interest in IoT devices is not just stemming from the consumer end of the market, but is now also being driven by the business world, which is intrigued by the implications of the burgeoning technology.

Global market shipments for industrial IoT equipment are expected to expand to 7.3 billion units in 2025, up from 1.8 billion in 2013. The industrial IoT market is a diverse area, comprising equipment such as nodes, controllers and infrastructure, and used in markets ranging from building automation to commercial transport, smart cards, industrial automation, lighting and health. Such gear employs a range of Micro Electromechanical systems (MEMS) device types including accelerometers, pressure sensors, timing components and microphones.

China Tower plans 1 million telecom towers over next 2 years

China Tower – following the footsteps of Indus Towers in India, is planning to build 1 million telecom towers over the next two years.

Chinese wireless players — China Mobile, China Unicom and China Telecom are the joint venture partners of China Telecom that will own and operate cell towers. China Mobile has 40 percent, China Unicom 30.1 percent and China Telecom 29.9 percent stake in China Telecom.

China Tower will take over RMB 100 billion ($16.3B) worth of the carriers’ tower assets within a year. The objective of the telecom tower company is to improve efficiency, while Chinese telecom service providers can focus on bettering customer experience.

The outsourcing of tower maintenance allows operators to focus on their core businesses, while tower companies will be able to achieve economies of scale through the large number of towers they acquired.

Telecom department wants GIS mapping of telecom towers

Telecom department (DoT) has urged the telecom service operators in the country to put 584,000 telecom towers on Geographic Information System (GIS) for quick visual analysis to plan, manage and administer strategy that could facilitate necessary incentives.

This has been a long standing demand from the Ministry of New and Renewable Energy (MNRE) and the Ministry of Environment, as both the departments though separately, wanted geographical locations and frequencies of towers so as to oversee their diesel dependence and environmental impact.

With GIS mapping, the Ministry of New and Renewable Energy wants to gauge energy drawing patterns of telecom service operators so as they can segregate tower sites that have maximum, median and minimum diesel consumption with red, yellow and green symbols.

The GIS-based system will help MNRE to effectively track and monitor operators’ carbon footprint and additionally, it could assist department to recommend telco’s with reduced emission levels for appropriate incentives and rebates. With GIS-based platform, optimization of networks can be planned and by this way towers can be reduced upto 30%.