For those who are unfamiliar, IoT is the means through which multiple devices communicate within a network. It enables data transmission between smart devices, such as thermostats and sensors, which themselves are connected to the mobile device of an end-user. IoT includes the use of wireless video surveillance to capture videos through cameras and transmit them over a wireless network to other devices for immediate response. They also allow remote monitoring with the added advantages of easy storage and the flexibility to install more video surveillance components, such as storage devices, cameras, and video recorders, as per the company's changing requirements.
According to Technavio, the increased demand for improved efficiency in areas, such as energy plant management, waste management, water management, and traffic control, is contributing to the rising installation of IoT worldwide. The fear of theft in residences is also prompting the installation of IoT in homes.