- [Instructor] The third contribution
to the IoT market
is made by government and utilities.
Governments can help in shaping IoT markets,
and technology through fundings
in areas like energy, defense, security,
education and transportation.
Utilities also contribute to the IoT market.
Examples of utilities
include smart cities and smart grids.
This includes the IoT devices
used within the city environment
like traffic cameras, security cameras,
smart meters, smart phones,
smart home automation,
and cloud intelligent networks.
Business innovation
is another major player in the IoT market
by developing new products and services
using IOT technology.
As seen in commonly used products,
raging from smartwatches
to transportation services
like app-based ride sharing.
Innovation is also notable in health care systems
where devices are used to help patients,
and healthcare providers
like monitoring systems, tracking sensors,
and smart health care apps.