Semiconductor Wireless Sensor Internet of Things market is expected to surge to 100 billion by 2020.
It will also be a phase of phenomenal growth for semiconductor wireless sensor networks and businesses control devices.
The number of Internet-connected devices was around 9 billion in 2014.
At present, the market is composed for a global growth as semiconductor wireless sensor networks are increasingly used for implementing the Internet of things for applications such as, pipeline and oil well monitoring, patient health monitoring, and more.
The Internet of things is an emerging development of the Internet in a manner that establishes inter- connectivity between everyday objects, allowing the exchange of data between these everyday objects, in the backdrop of a greater focus on energy savings.
This can be achieved using semiconductor wireless sensors that can help do away with human-to-computer interactions.
Semiconductor wireless sensor networks are sought-after for smart grids, bridge monitoring, security implementation monitoring, and implementing Internet of Things.
Fundamentally, anything that can be monitored using sensors and checked via a smartphone can incorporate these systems.
The market anticipates a big data explosion that will result from wireless sensors that are connected to the Internet. With vast volumes of data overwhelming users, the rate at which data is discarded will also be much higher.
The analytics will have importance as analytics embedded into semiconductor wireless sensors will help generate alerts when data is collected.
However, embedding analytics precisely to ensure that only the relevant alert data is transmitted will again be a subject of research, giving more opportunities to market players.
The emergence of advanced technologies affecting the semiconductor wireless sensor Internet of things will establish connections between devices that were never previously connected to each other.
An opportunity that will emerge as a result is that of setting up networking systems so that sensors can work independently as well as in groups.
From wellness initiatives to health care to smartphone apps, the use of semiconductor wireless sensors for the Internet of things will become more conspicuous in the coming years.
The leading market players in the semiconductor wireless sensor Internet of things industry are Texas Instruments, Renesas Electronics, Silicon Laboratories, Microsemi Corporation, Linear Technology and more.