Internet of Things Marketplace

Project Overview

Over the last decade numerous Internet of Things products have reached the consumer and industrial markets. This project examined over 100 smart solutions from various organisations to understand the emerging IoT marketplace from an industrial perspective, identifying the technologies used, the functionalities offered, and the application domains served. The surveyed solutions are classified into five categories: smart wearable, smart home, smart city, smart environment, and smart enterprise. For each category the study analyses communication protocols, sensing modalities, cloud integration strategies, and business models, highlighting both common patterns and notable gaps. A complementary investigation explores context-aware computing within these products, assessing how contextual information such as user location, activity, and environmental conditions is captured, modelled, and exploited to deliver adaptive services.

The analysis reveals trends toward sensing-as-a-service paradigms, where raw sensor data is abstracted and offered through standardised interfaces. Challenges related to interoperability, data ownership, and privacy are identified as persistent barriers to market growth, indicating areas where both technological innovation and regulatory frameworks are needed to unlock the full potential of the IoT marketplace.

By mapping the landscape of commercially available IoT products against academic research directions, this work provides a reference point for researchers, entrepreneurs, and policymakers. The survey helps stakeholders understand opportunities and open challenges within the rapidly evolving Internet of Things ecosystem, bridging the gap between industrial practice and academic inquiry.

Team

Charith Perera

Chi Harold Li

Srimal Jayawardena

Min Chen

Funding

CSIRO Australia's national science agency, advancing research and innovation.

ANU The Australian National University, a leading research institution in Canberra.

Outcomes