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Internet user growth

Based to the Kepios analysis, that has been a significant increase in the number of internet users over a period of a year. Particularly, the data indicates that the total number of internet users has more than doubled, rising from 2.18 billion persons in early 2012 to 4.95 billion persons in the beginning of 2022.The compound annual growth rate (CAGR) when the previous decade amounts to 8.6 percent. Nevertheless, it is evident from the provided figure there have been significant fluctuations in yearly growth rates among the years.
According to the most recent data, there have been an increase of 192 million internet users over the past year, suggesting a modest average growth rate of 4.0 percent in 2021.Nevertheless, it is very possible that the observed decline in growth can be related to the difficulties encountered in gathering and documenting data inside the persistent COVID-19 pandemic. Consequently, it is probable that these figures do not accurately represent the true expansion of internet users during the same period last year.

Consequently, there is a significant probability that we will observe a boost in growth statistics for the time period between 2021 and 2022 with the availability of data that is more recent.
https://datareportal.com/reports/digital-2022-global-overview-report

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The adoption of the Internet of Things (IoT) is increasing in Malaysia due to various factors. Figure 1 depicts the projected application of the Internet of Things in the forthcoming years, namely up until 2025. The ownership rate of smartphones among Malaysians currently exceeds 150 percent, with a projected increase to 280 percent by the year 2025. A significant proportion of Internet users in Malaysia, exceeding 59 percent, engage in the practise of downloading mobile applications. This figure, however, falls below the average observed across Southeast Asia, which stands at 67 percent. Nonetheless, this behaviour has played a pivotal role in propelling the expansion of Internet usage within the country, resulting in a remarkable increase of 190 percent by the year 2025. This phenomenon can be mostly attributed to the prevalence of active online conduct. It is anticipated that the percentage of individuals in Malaysia enjoying broadband connectivity would reach 170 percent by 2025, owing to a surge in the subscription rate for this service. According to the One Device survey conducted by Mobile Malaysia, it was revealed that the average annual expenditure of Malaysians on online transactions amounts to almost $2,000. In contrast, it is seen that a significant majority of 75 percent of Malaysians actively engage with social networking sites, thereby establishing it as the prevailing mode of social media utilization throughout the nation. In a broader context, it may be posited that Malaysia is poised to evolve into a more favorable setting for the adoption of Internet of Things (IoT) technology, owing to the increasing accessibility of mobile devices and the Internet.

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There are three types of IoT applications. Consumer IoT is the first type of IoT application. Consumer IoT refers to personal and wearable internet-connected devices. These are often referred to as smart devices. The industrial Internet of Things (IIoT) is the second type of IoT application. The industrial internet of things is a network of networked devices in the manufacturing sector. The industrial Internet of Things includes manufacturing machinery and energy management systems. Commercial IoT is the third type of IoT application. Commercial IoT refers to tools and systems that are used outside the house. Businesses and health care organizations, for example, use commercial IoT for auditable data trails and customer management.

What Is the Internet of Things (IoT)? With Examples | Coursera

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Internet of Things (IoT) has six different characteristics. First and foremost, it is tremendously scalable and efficient. Second, IP-based addressing will be obsolete in the near future. Third, there is a plethora of physical items that do not need IP, making IoT conceivable. Fourth, technologies often use less energy. When not in use, they should be set to sleep automatically. Fifth, IoT is a device that is currently connected to another device and may be connected in the future. Finally, IoT is an intermittent connection. IoT devices, for example, are not always linked. Devices will be turned off occasionally when not in use to reduce bandwidth and battery consumption.

Introduction to Internet of Things (IoT) | Set 1 - GeeksforGeeks

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Internet of Things (IoT) primarily uses two components. First, embedded systems with little power. For instance, low battery usage and high performance are the opposite factors that are important when designing electronic devices. Finally, sensors. The core of any Internet of Things application is a sensor. It is a physical device that measures and detects specific physical quantities and converts that information into a signal that can then be supplied to a processing or control unit for analysis.

Introduction to Internet of Things (IoT) | Set 1 - GeeksforGeeks

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IoT is predominantly prevalent in the manufacturing, transportation, and utility sectors, where sensors and other IoT devices are extensively employed. Nevertheless, IoT also finds applications in the agriculture, infrastructure, and home automation industries, prompting certain organizations to embark on digital transformation endeavors.

Organizations best suited for IoT are those that would benefit from using sensor devices in their business processes.

Manufacturing

Manufacturers have the potential to establish a competitive edge by the utilisation of production-line monitoring technologies, which provide proactive maintenance on equipment by rapidly recognising indicators of approaching failure by the deployment of sensors. Sensors provide the capability to accurately assess instances when the production output is impacted. Manufacturers can efficiently assess the precision of equipment or temporarily halt its output for necessary repairs through the utilisation of sensor warnings. This allows companies to reduce costs related to operations, enhance accessibility of systems, and improve asset performance management.

Automotive

The utilisation of Internet of Things (IoT) technologies holds an opportunity to yield substantial advantages for the automotive sector. In addition, the utilisation of Internet of Things (IoT) technology in production lines offers numerous benefits. Furthermore, sensors integrated within vehicles that are presently in operation have the capability of detecting potential equipment malfunctions. These sensors can immediately alert the driver by giving detailed information and suggesting advice. Automotive manufacturers and suppliers may obtain helpful knowledge about vehicle maintenance and communication with consumers by the utilization of IoT-based applications, which simplify the aggregation of information.

Transportation and Logistics

Transportation and logistical systems acquire advantages from a diverse range of Internet of Things (IoT) applications. The utilisation of IoT sensor data allows the dynamic redirecting of fleets containing automobiles, trucks, ships, and trains that are in charge of inventory transportation. This rerouting is contingent on factors such as weather conditions, vehicle availability, and driver availability. The inventory could possibly be supplemented with sensors to facilitate track-and-trace features as well as temperature-control monitoring. The food and beverage, flower, and pharmaceutical industries commonly manage inventory that is sensitive to variations in temperature. These industries may significantly benefit from the implementation of Internet of Things (IoT) monitoring applications. These systems would allow real-time tracking of temperature levels and provide timely notifications in the event of temperature fluctuations that could potentially jeopardise the quality and integrity of the products.

Retail

The implementation of Internet of Things (IoT) applications in the retail industry allows organizations to efficiently manage inventory management, improve client satisfaction, optimism supply chain operations, and reduce operational costs. An illustration of this idea is the utilization of intelligent shelves equipped with weight sensors that are able to collecting RFID-dependent data. The information is subsequently transmitted to an Internet of Things (IoT) platform, which allows the automated monitoring of inventories. In the event that the quantity of items hits a low level, the system is designed to provide notifications. Beacons have the potential to deliver customized offers and incentives to clients, hence enhancing their level of engagement. The implementation of Internet of Things (IoT) applications in the retail industry allows organizations to efficiently manage inventory management, improve client satisfaction, optimism supply chain operations, and reduce operational costs. An illustration of this idea is the utilization of intelligent shelves equipped with weight sensors that are able to collecting RFID-dependent data. The information is subsequently transmitted to an Internet of Things (IoT) platform, which allows the automated monitoring of inventories. In the event that the quantity of items hits a low level, the system is designed to provide notifications. Beacons have the potential to deliver customized offers and incentives to clients, hence enhancing their level of engagement.

Public Sector

The benefits of Internet of Things (IoT) in the public sector and other service-oriented environments are also extensive in scope. One potential application of the Internet of Things (IoT) in the context of government-owned utilities is the ability to inform users regarding simultaneously large-scale and localised interruptions in water, power, or sewer services. Internet of Things (IoT) applications have the ability to collect data related to the extent of an outage and efficiently allocate resources to assist utilities in expediting the recovery process from such interruptions.

Healthcare

The healthcare industry may gain many benefits via the implementation of IoT asset monitoring. Healthcare professionals, especially doctors, nurses, and orderlies, frequently need exact details about the exact whereabouts of patient-assistance resources, such as wheelchairs. When a healthcare facility's wheelchairs are outfitted with Internet of Things (IoT) sensors, they can be observed and tracked through an IoT asset-monitoring application. This allows individuals who are in need of a wheelchair to easily find the closest accessible one. This method can be used to monitor many resources inside hospitals, thereby ensuring their appropriate utilization and facilitating financial accounting for the tangible assets throughout several departments.

General Safety Across All Industries

Furthermore, the Internet of Things (IoT) has the potential to improve worker safety, in addition to fulfilling the main purpose of monitoring physical assets. Workers employed in environments with elevated risks, such as mining activities, oil and gas fields, as well as chemical and power plants, necessitate awareness regarding the potential incidence of dangerous situations that might affect their health and safety. When individuals are connected to applications that utilise Internet of Things (IoT) sensors, they have the capability to quickly receive notifications regarding accidents and be promptly rescued from such incidents. Internet of Things (IoT) applications are employed in the field of wearables to facilitate the monitoring of both human health and environmental situations. These applications not only facilitate people obtaining a deeper comprehension of their personal health but they also enable healthcare professionals to keep an eye on their patients.

https://www.oracle.com/my/internet-of-things/what-is-iot/

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The Internet of Things (IoT) facilitates enhanced efficiency and productivity in people's everyday lives and professional endeavors. Consumers have the ability to improve their quality of life through their use of Internet of Things (IoT) embedded products, such as automobiles, smartwatches, or thermostats. Given an example, upon a person's arrival at their residence, their vehicle has the potential of creating communication with the garage, so facilitating the automatic opening of the door. At the same time the thermostat might be programmed to adapt to a particular temperature, while the lighting system can be programmed to produce a diminished intensity and changed color.

In addition to providing intelligent gadgets for the automation of residential environments, the Internet of Things (IoT) plays a crucial role in the realm of commercial operations. The use of this technology offers organizations the potential to gain real-time visibility into how they work of their systems, allowing them to get valuable insights pertaining to many factors such as machine performance, controlling their supply chains, and logistics management.

The Internet of Things (IoT) facilitates the automation of mundane operations with machines, eliminating the need for human participation. Organization have the abilities of utilizing automation methods, resulting in the streamlining of operational procedures, decrease in labor expenditures, mitigation of destruction, and improvement of providing services. The Internet of Things (IoT) facilitates cost reduction in the manufacturing and distribution of goods, while also providing enhanced visibility into customer transactions.

The Internet of Things (IoT) is recognized as a significant technological advancement, with ongoing progress driven by growing awareness among businesses concerning the competitive benefits that come from attributed devices.

https://www.techtarget.com/iotagenda/definition/Internet-of-Things-IoT

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The Internet of Things has 9 applications. First, improving enterprise solutions by employing IT infrastructure to track and streamline business operations. Second, incorporating "smarter" homes, which automate and regulate various aspects of the home utilizing gadgets like security systems, kitchen appliances, and smoke detectors. Third, advancing agriculture through the use of sensors, drones, and GPS to track and enhance crop yield and animal care. Fourth, creating smarter cities by utilizing IoT to control trash, traffic, parking, lightning, and other issues. Fifth, improving supply chain management by tracking and enhancing material and product movement through RFID tags, GPS, and sensors. Sixth, modernizing healthcare by using wearables, implants, and smart technologies to track and enhance services and outcomes in the medical field. Lastly, setting up smart grids and energy conservation

Top 10 Applications of IoT (spiceworks.com)
What Is the Internet of Things (IoT)? With Examples | Coursera
Internet of Things | Definition, History, Examples, & Privacy Concerns | Britannica
The 9 most important applications of the Internet of Things (IoT) (fracttal.com)

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IoT at a Glance

IoT is evolving and expanding at a steady rate as artificial intelligence (AI) and machine learning technology improve. Quality service providers, IoT connections, wearables, 5G, and other supporting technologies are assisting in the global growth of smart cities, big data, smart homes, increased automation, and increased connectivity. The Internet of Things is made up of physical objects that communicate with one another via a network or internet connection. You are using IoT if you can control it from another device. There are some well-known examples of IoT. Amazon Alexa Hubs, Google Home, Ring doorbells, smart watches, smart appliances, smart door locks, and fitness trackers are among examples.

Astonishing Internet of Things Facts & Statistics

Although the Internet of Things appears to be a new technology, it is simply a link between the physical and digital worlds. Here are some interesting facts about IoT. A Coke machine at Carnegie Mellon was the first IoT device, which led to the invention of the first widely used IoT device—ATMs. The Internet of Things generates so much data that it is measured in zettabytes. According to Juniper Research, the top five smart cities are Shanghai, Seoul, New York, Barcelona, and Beijing, which are powered by IoT.

General Internet of Things Statistics

There are many corporate and personal applications for IoT. According to PWC, 93% of executives believe that the benefits of IoT exceed the hazards. According to IoT Analytics, 545 IoT projects are motivated by cost savings. According to IDC, global IoT spending will reach $1.2 trillion in 2022. According to Cisco, by 2030, 500 billion gadgets will be connected to the internet.

Internet of Things Market Size

The Internet of Things is seeing continuous expansion, which is projected to continue as the number of IoT devices increases on a regular basis. In 2021, the worldwide internet of things market will be worth $4.8 billion. According to Fortune Business Insights, the IoT market will reach $1,854.76 billion by 2028, growing at a CAGR of 25.4% from 2021-28.

Internet of Things Growth Stats

IoT is rising year after year, with enormous potential for expansion over the next decade. In 2022, IoT revenue is estimated to reach $594 billion. The market for connected IoT devices is anticipated to be worth $15.9 billion by 2030.

Security of IoT Devices Statistics

IoT connectivity means that our devices are always connecting on networks and with other technologies to help us be more efficient. However, much of that data is constantly flowing without being protected by the essential security standards. The market for IoT security is expected to reach $18.6 billion by 2022. Kaspersky reported 1.5 billion IoT cyberattacks in the first six months of 2021, up from 639 million in all of 2020. Gartner predicts that IoT will be used in more than 25% of all cyberattacks against organizations. According to Statista, the endpoint security market will be worth more than $19 billion by 2025. CompTIA reports that 63% of businesses consider IT security to be a crucial competence for IoT.

Smart Home Statistics

People have been expecting smart houses in popular Sci-Fi entertainment for decades, and we are now approaching the technological capabilities that will enable these futuristic visions to become reality. Smart homes are expected to reach 350 million by 2023, according to Statista. By 2021, there will be 258.54 million smart houses, accounting for 12.2% of all homes. By 2025, it is expected that more than 400 million residences will have smart home devices and systems.

IoT Technology Statistics

IoT technology extends well beyond individual consumers. Smart cities are being developed by forward-thinking communities as part of a connected technological environment for personal and professional efficiencies. Statista estimates that smart city projects will cost $129.02 billion in 2021. According to Ericsson, there will be 18 billion IoT devices by 2022. The wearable device industry is expected to reach $19.12 billion by 2026.

Industrial, Energy, and Construction IoT Stats

The industrial, energy, and construction sectors all have important IoT application cases. Industrial IoT, also known as Industry 4.0, is one of the most important categories for IoT initiatives, with a market value of $106.1 billion expected by 2026. Global energy IoT is expected to reach $75.3 billion by 2026. Construction has been a late adopter, but IoT spending in this industry is estimated to reach $16.8 billion by 2024. China is the most advanced country in terms of industrial robot use.

30 Internet of Things Stats & Facts for 2022 | Industry Trends | CompTIA

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Advantage

There are some of the advantages of IoT. First, the technology lets consumers to simply access information from anywhere, at every moment, using any kind of device. Second, IoT enhances the standard of communication across interconnected technological devices. Third, IoT utilization of communication networks facilitates the movement of data packets, resulting in potential savings in both time and costs. Fourth, The collection of significant amounts of data from different devices serves to assist both users and manufacturers. Fifth, the investigation of data at the edge is employed as a means to reduce the volume of data that requires communication to the cloud. Sixth, automation of tasks has been used to enhance the quality of services provided by a firm while simultaneously reducing the requirement for human engagement. Seventh, this technology facilitates the provision of continuous and improved healthcare services for patients.

Disadvantage

There are some disadvantages of IoT. First, the attack surface expands proportionally with the increase in the number of interconnected devices. The growing amount of data exchange via devices has led to an elevated risk of unauthorized access by malicious actors, hence amplifying the likelihood of personal information being compromised. Second, the increasing number of IoT devices poses a challenge to device management. Organizations may potentially encounter the need to address a substantial quantity of Internet of Things (IoT) devices, hence presenting challenges in terms of data collection and management for these devices. Thirdly, The presence of a software bug within the system possesses the capability to compromise the integrity of other interconnected devices. Fourth, the absence of a universally recognized standard for compatibility in the Internet of Things (IoT) exacerbates the challenges associated with device interoperability. This phenomenon poses a challenge for creating communication between gadgets produced by different manufacturers.

https://www.techtarget.com/iotagenda/definition/Internet-of-Things-IoT

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The Internet of Things (IoT) has emerged as a major technological innovation with far-reaching ramifications for a variety of industries, including business applications. Monitoring and administration of consumer data, inventory systems, and crucial component statuses are all examples of how the Internet of Things (IoT) is used in company operations. Four industries have undergone significant changes as a result of the Internet of Things (IoT):When compared to depending entirely on human contact, the introduction of Internet of Things (IoT) sensors provides a more effective means of monitoring isolated drilling sites in the oil and gas business. The use of Internet of Things (IoT) sensors in agriculture to gather comprehensive information about crop growth has the potential to boost crop yields. The manufacturer can then monitor the climate control system across the country. Microtargeting techniques can be used in brick-and-mortar retail to give customise offers to consumers' mobile devices while they spend time in specific areas of the store. In a larger sense, businesses are actively looking for Internet of Things (IoT) solutions that can effectively address four important domains: energy consumption, asset monitoring, security measures, and improving customer satisfaction.

Health

There are 3 Internet of Things's use in healthcare. First, consider the patient experience on-site. Show the current load of emergency rooms or general practice rooms, for example, to reduce wait times. This increases revenue while also improving the patient experience. Second, live independently. For example, to reduce readmission rates and improve health outcomes, enable elderly with illnesses such as dementia to live independently using drug management, bed sensors, and GPS or movement trackers. This is to give them with basic communication devices such as current tablets that are straightforward to use. Finally, there are smart beds. Monitor beds at home or in the hospital for movement, wetting, and other indicators, and provide patients with a mechanism to summon assistance or regulate the bed. Its purpose is to improve the patient experience and collect useful health-related data.

Utilities and Energy

There are 3 Internet of Things's use in utilities and energy. First, consider solar or wind monitoring. Monitor solar and wind energy generation, for example, to detect any failures or anomalous decreases in energy efficiency. This helps to cut costs and avoid any business disruptions. Second, there is water monitoring. Monitor water levels, pressure, turbidity, PH, salinity, ORP, and flow to prevent overflows, for example, as well as the waste water network and treatment operations. It aids in cost reduction and reduces company risk. Third, power poles are being monitored. For example, to do preventative maintenance, monitor serious tilting caused by severe winds, traffic accidents, and earth movement. This helps to reduce costs and business risk.

Manufacturing

There are 3 Internet of Things's use in manufacturing. First, consider predictive maintenance. Monitor the state of manufacturing equipment and field devices, for example, to predict maintenance before costly repairs or replacement. This mostly aids in cost reduction. Second, there is remote production control. For example, centrally monitor machines in the manufacturing process to ensure safe automated production, monitor workers, and track personnel position. This mostly aids in cost reduction. Third, linked operations. Connecting machines or equipment to separate operational data centers, for example, can help to spot problems faster and improve operational performance. This will allow for real-time data visibility across many industrial platforms.

Real Estate

There are 3 Internet of Things's use in real estate. First, consider waste management. Monitoring the state of rubbish disposal locations, for example, can improve operating efficiency and tenant experience. The second issue is parking management. Monitor available parking space and the entrance and exit of parking lots or garages, for example, to increase operational efficiency, tenant experience, and staff reduction. Third, intelligent security. Monitor and regulate connected locks, for example, and install video surveillance in important places.

Transportation and Logistics

There are 3 Internet of Things's use in transportation and logistics. First, consider micromobility. Monitor the battery status, location, and tampering of a fleet of scooters or e-bikes distributed to cities or campuses, for example. Its purpose is to promote constituent mobility. The second point to mention is good inventory and warehouse management. Get real-time information throughout the warehouse, distribution center, and production center, for example. Optimize space by placing packages in the best possible location. This can lower inventory costs and increase predictive maintenance. The third consideration is worker safety. Monitor compliance in hazardous workplaces, for example, as well as COVID-19 contact tracking. By better understanding how long workers are exposed to toxic substances, viruses, or hazardous settings, this can reduce safety breaches.

Retail

There are 3 Internet of Things's use in retail. First, consider automated checkout. Equip brick-and-mortar employees with portable POS terminals, for example, or include the checkout process into the shopping experience itself with smart store and shelf sensors, as well as a connected camera. This lowers costs, boosts income, and improves the customer experience. The second aspect is predictive equipment maintenance. For example, to avoid waste and reputational and monetary losses, monitor equipment in real time and warn managers if it appears to be malfunctioning. Third, inventory management. Connect vending machines or other consumer-facing dispensing equipment, for example, to estimate restaurant demand and modify pricing more often.

What is IoT? Examples and use cases of the Internet of Things (twilio.com)

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The Internet of Thing (IoT) is a system of physical things that can link to other devices and systems over the internet and exchange data with them. These objects are integrated with sensors, software, and other technologies. Although Kevin Ashton originally used the phrase "Internet of Things" in 1999, the idea of interconnected devices was originally developed in the 19th century with the development of the first electromagnetic telegraph. In the early 1980s, a Coca-Cola machine at Carnegie Mellon University served as one of the first examples of an Internet of Things device.

Internet of Things | Definition, History, Examples, & Privacy Concerns | Britannica
A Brief History of the Internet of Things - DATAVERSITY

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1.2 Application of Internet of Thing

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An Internet of Things (IoT) ecosystem consists of smart devices that have been built with embedded systems, include processors, sensors, and communication hardware. These devices are able of receiving data from the environment, transferring it, and then taking suitable action based on the data they have gathered. Internet of Things (IoT) devices transfer the sensor data they obtain by making a connection with an IoT gateway. The gateway serves as a centralized hub, enabling the sharing of data from IoT devices. Prior to sharing the data, it could also be transferred to an edge device for local evaluation of this data. The process of performing analysis on data on the local level has an effect on lessening the amount of data which gets sent to the cloud, therefore which leads to a reduction in the usage of bandwidth.

Sometimes, these electronics make connection with other interconnected devices and then reply to the information exchanged among these. The devices are mainly charged with performing tasks independently whereas people having the capacity to connect with the devices, especially programming them, giving instructions, or obtaining data. The choice of a connection, networking, and communication protocols to web-enabled devices is mostly dependent to the specific IoT applications which are put into effect.

https://www.techtarget.com/iotagenda/definition/Internet-of-Things-IoT