- Volume 19 Issue 11
Internet of Things (IoT) is possibly the most widely discussed technological concept in today's technology circles. This technology is expected to dramatically change not only how we work but also how we live. The concept of IoT basically means a web of connected devices which can be controlled over a data network. With cost of technology required to control these devices going down and increasing internet connectivity through smartphones, IoT is expected to be an all pervasive technology in the next 10 years. In this paper, we study the technological landscape of this fast growing technology domain from an Intellectual Property (Patents) perspective. We find that the patent distribution in this domain is very fragmented with the top patent applicants in the field holding around 5% of the total patents. Especially, the US geography has seen the maximum patent filings and is closely followed by the big Asian markets of Japan and Korea.
IoT;Patent;Patent Map;Technological Convergence;Analysis
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