CIOAdvisor Apac

  • Home
  • Vendors
  • News
  • Conference
  • Whitepapers
  • Newsletter
  • Subscribe
  • About Us
  • Specials

  • Menu
      • Ad Management
      • Application Security Testing
      • Artificial Intelligence
      • BPO
      • Contact Center
      • Data Analytics
      • Deep Learning
      • Digital Marketing
      • Digital Transformation
      • Disaster Recovery Services
      • Disinfection and Sanitization
      • E-Invoicing
      • Ecommerce
      • Govt Tech
      • HubSpot
      • Human Resource
      • ICT
      • IoT
      • Laser and Photonics
      • Leadership Development
      • Logistics
      • Machine Learning
      • Marketing Technology
      • Mobile Application
      • Parking Management
      • Payment And Card
      • SDN
      • Telecom
  • Digital Transformation
  • Logistics
  • IoT
  • Payment And Card
  • Artificial Intelligence
Specials
  • Specials

  • Ad Management
  • Application Security Testing
  • Artificial Intelligence
  • BPO
  • Contact Center
  • Data Analytics
  • Deep Learning
  • Digital Marketing
  • Digital Transformation
  • Disaster Recovery Services
  • Disinfection and Sanitization
  • E-Invoicing
  • Ecommerce
  • Govt Tech
  • HubSpot
  • Human Resource
  • ICT
  • IoT
  • Laser and Photonics
  • Leadership Development
  • Logistics
  • Machine Learning
  • Marketing Technology
  • Mobile Application
  • Parking Management
  • Payment And Card
  • SDN
  • Telecom
×
#

CIO Advisor APAC Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Advisor APAC

Subscribe

loading
  • Home
  • News
Editor's Pick (1 - 4 of 8)
left
IoT: Enabling the Safer, Connected Warehouse

Steve Walker, CIO & COO, DHL Supply Chain Asia Pacific

IOT-Turning out to be a phase of evolution

Mayank Bhargava, CIO, DHFL Pramerica Life Insurance

Connecting dots the IoT way!

Sunil Singh, Regional Chief Information Officer, Coca-Cola Beverages Vietnam

Industrial Scientific Blazes a Trail in IoT

David DiLeo, CIO, Industrial Scientific Corporation

How Internet of Things (IoT) will Rewire Supply Chains

Chad Lindbloom, CIO, C.H. Robinson

What's The CIO Got To Do With The IoT?

Sharon Gietl, VP of Information Technology and CIO, The Doe Run Company

The Internet of Things, in the Real World

Manuel Bautista, CIO, Harvard Maintenance

IoT Platforms: What are they and do you need one?

Tekin Gülşen, CIO, IT Director, Brisa Bridgestone Sabancı

right

THANK YOU FOR SUBSCRIBING

A Lack of Patent Ecosystem leads to IoT Market Proliferation

CIOAdvisor Apac | Tuesday, October 29, 2019
Tweet

The IoT market is growing unprecedentedly and it will keep on growing because of the lack of patent ecosystem, which allows start-ups to develop IoT products.

Fremont, CA: Industry 4.0 is about the increasing connectivity of smaller and smaller components. By connecting elements, data is collected, and the more information is collected, the more effective the manufacturing process can become. IoT plays a vital role in interconnecting the devices, which brings together advances in computational power, wireless communication, AI, and data to build vast technology infrastructure. By 2020, the size of the IoT market is expected to reach seven trillion USD, and it is expected to grow spectacularly over the next decade. The progress in manufacturing has allowed even small manufacturers to build relatively sophisticated IoT products. The proliferation of these products has drawn attention to the issues of patents governing IoT devices.

IoT products manufacturers sought patents on physical products, the configuration of devices and their structures, operation, and output. These IoT devices are used in electronic products, healthcare products, and household products, and patenting products in which IoT devices are incorporated can hinder the growth of the IoT industry. Tech giants reveal that there is a wide range of products that can be embedded with IoT devices. New IoT products are regularly developed, and their functions cannot be patent. As an instance, a tiny IoT capsule that relays images of the human body upon swallowing cannot be patented. Thus, it enables different companies to manufacture an identical device. Start-ups are designing novel IoT products that can be embedded with IoT devices. As there is no authority to govern the patent of such products, there is tremendous scope for companies to design IoT products. Additionally, the technologies that enable IoT devices to connect are tough to patent as well.

The Indian IoT market is growing because the loosely defined patent structure allows different technologies and standards to work in conjunction. As an instance, a smart home has IoT enabled products that manage lighting, entertainment, security, climate, appliances, power, and much more. Different manufacturers may manufacture these different IoT products. At the same time, the IoT patent ecosystem is not defined. Hence, start-ups can take advantage of the loophole and create an IoT product for home automation that works in unison with other patented products. The lack of a patent ecosystem and growing IoT companies can continue to develop new kinds of IoT products and catapult the IoT industry.

Check out: Top IoT Solution Companies

tag

Entertainment

Industry 4.0

Featured Vendors

  • MVI Technologies: Innovative, Future-proof Financial and Payment Switching
    MVI Technologies: Innovative, Future-proof Financial and Payment Switching
  • DATAMARK: Process Driven Solutions in Action
    DATAMARK: Process Driven Solutions in Action
  • IMACREA: Shaping the Future of Teleworking
    IMACREA: Shaping the Future of Teleworking
  • PuzzleBox BPO, Inc.: A Hybrid Platform for Customer Support and Sales Empowerment
    PuzzleBox BPO, Inc.: A Hybrid Platform for Customer Support and Sales Empowerment
ON THE DECK

Read Also

Safeguarding Quality through Proactive Risk Management

Cultivating a Culture of Agility: Nurturing Adaptability for Organizational Success

Governance for Smarter KPIs: Enhancing Performance Measurement

Embracing the Irreplaceable Human in Business and Beyond

Leveraging Gamification for Deeper Financial Engagement

Generative AI: The Game-Changer Automates Marketing For The Retail Industry

Loading...

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2025 CIO Advisorapac. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap

follow on linkedinfollow on twitter
This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.cioadvisorapac.com/news/a-lack-of-patent-ecosystem-leads-to-iot-market-proliferation-nwid-1917.html