Information Communication and Technology Reports Internet of Things (IoT) Industry Research Report | Page 2
efficiency targets being set by the energy companies. The development of ‘Smart Grids’ is the first application of
IoT in the energy sector.
Smart Manufacturing
Smart manufacturing is an integration of machine and human intelligence and data sharing between sensors,
computerized control, information technology, and production management software. It interconnects and
harmonizes individual stages of manufacturing production to advance plant-wide efficiency.
Building and Home Automation
The market for IoT home automation is advancing with the introduction of connected devices for buildings and
houses. Nowadays, consumers are increasingly interested in knowing how home automation can provide more
convenience, savings, and security.
Smart Retail
IoT is reshaping and revolutionizing the retail industry. The IoT in retail is accelerating the time to solution
deployment, simplifying the path to cost savings, new efficiencies, inventory accuracy, smarter marketing, and
better customer experiences with an end-to-end solution.
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