How big is the internet of things market?
Right now, just 0.06% of things that could be connected to the Internet actually are, but by 2019, companies are expected to ship 1.9 billion connected home devices, bringing in about $490 billion in revenue. By 2025, connecting everyday objects like factory machines, vehicles and buildings to the web could be worth between $3.9 trillion and $11.1 trillion. And with demand like that, every company that makes “things” is going to need an internet of things agency to identify the true purpose for connecting their product, and bring them from the lab to the market.
The emerging internet of things design company
We’ve seen time and time again, companies, connecting their products to the internet of things just because they can and not because they should. And while most products can get by with a remote on/off button, it’s important to explore ways that connecting your product can, in fact, drive increased value of your product or even introduce your brand to new, under-served markets. That’s when true innovation is recognized.
The internet of things is not just meant for home appliances like connected lightbulbs, speakers and kitchen appliances. It actually has huge potential to disrupt industries across markets from the auto industry to health care. While many of the internet of things designers are focused on improving industrial, utility and infrastructure efficiency, these physical and digital designers are also helping to improve another industry: law enforcement.
The Internet of Things fights Crime
Take the police department of Austin, Texas, for example. Rather than sending out squad cars to chase suspects down, they’ve used a system attached to the front of a car’s grill to fire a small GPS at the suspect’s vehicle – collecting data and providing tracking at a safer speed—reducing the length of dangerous highway chases that could endanger others. Not even the best mobile app development company in NY can top that kind of data collection!
Body cameras are another, similar technology that’s leading to more peaceful outcomes. A study from the city of Rialto, California found that after giving its police force body cameras, complaints against officers dropped nearly 90% in comparison to the previous 12 months. Similarly, officers’ use of force dropped 60%.
Internet of things designers are also working to make guns safer. California-based firm Yardarm’s Internet of Things designers are working on a chip that, when put in the handle of a firearm, notifies dispatch when and where an officer unholsters and even discharges their (smart) weapon, which could reduce the time it takes for backup to arrive at a scene.
With all the controversy surrounding law enforcement these days, you can expect to see more Innovation in weaponry and firearms. Where there’s controversy and publicity, theres a market. Clearly some of the top product innovators agree, as they are clearly attempting to get these advanced products from single town law enforcement to a global scale. If you know of any other exciting projects, feel free to share in the comments.