ABSTRACT
The development of enabling technologies such as nanoelectronics, communications technologies, sensors/actuators, embedded systems, cloud networking, network virtualization and software will be essential to provide things with the capability to be connected at anytime, anywhere. This development provides a bright future for Internet of Things (IoT) and Industrial Internet of Things product innovations that can influence many different sectors. The IoT is a disruptive technology in the early stages of market development characterized by innovation, fragmentation, competitive and involving existing and emerging standards. In 2018, IoT-related ICs will account for about three percent of the total $348.1 billion IC market. IoT platforms are the highest, most generalized layer of intelligence and user interface, that ties together connected devices and web-based services. They collectively define a reference architecture model for the IoT, taking into consideration a wide range of technologies, communication protocols and standards.
