Massive technology-led disruption across all industries is moving everyone and everything globally towards a state of ‘connected everything’ where into the 2020’s, tens of millions of people will be connected by trillions of things and applications as a result of connected industries, said Frost & Sullivan.
Connected Living is defined as a world in which consumers use many different devices to experience compelling new services that integrate video, voice, and data services to provide access and ubiquitous connectivity anytime and anywhere.
Connected home incorporates home automation; smart meters and smart thermostats, intelligent lighting, remote monitoring and control as well as home health ie., remote diagnostics and wearable health devices. Connected work encompasses mobility (Mobile email, enterprise mobile apps, people locator, bring your own device), communication (unified messaging, remote desktop access) and networking (web-based project collaboration tools, cloud-based file sharing services). Connected city comprises eGovernance, eCitizens, smart transportation cards, e-learning, mobile banking and digital classrooms, remote education services as well as digital libraries.
Frost & Sullivan forecasts the total connected living market to reach US$731.70 billion by 2020 as the importance of the internet and digital solutions grows in the overall economy. Connected city will contribute the largest percentage at 54%, equating to an estimated market potential of US$392.94 billion, with smart governance and education services making up 50% of growth in this segment. Connected work will comprise 31%, contributing US$228.44 billion. Connected home competes the remaining 15% at US$111 billion.
Frost & Sullivan predicts that by 2025, the rise of connected living will see 3.7 billion smartphones, 700 million tablets, 520 million wearable health-related devices and 410 million smart appliances in the connected person world. The connected worker world will see 90 million IP Telephones, 400 million laptops and over 60 million unified communication platforms.
The leading market research firm expects that nearly 80% of US enterprises will adopt BYOD, 30% of populations will access office networks remotely, and 90% of organisations will offer mobility to workers.
Meanwhile, the connected citizen will have access to 15 million interactive kiosks enabled by 25 million cloud servers servicing around 1 billion smart government and ID cards. Around 500 million smart transportation cards and 50 million contact-less payment cards will be issued and an estimated 35 billion subscribed location based services (LBS) devices by 2020.