Recognizing the value of IoT to industry and the benefits this technological innovation brings to the public, the IEEE Standards Association (IEEE SA) has a number of standards, projects, and events that are directly related to creating the environment needed for a vibrant IoT. In 2014, the IEEE created an IoT Initiative to coordinate its IoT efforts. As a part of this Initiative, the IEEE‐SA developed an IoT ecosystem study.
IEEE‐SA engaged stakeholders in key regions of the world to obtain the input that shaped the study. This engagement was in the form of a series of roundtable discussions held by IEEE SA. The study was augmented by input from IoT-related workshops held by IEEE SA and the IEEE Communications Society.
The structure of the study comprises three principal areas: Market, Technology, and Standards. After each of these three areas is examined, the role of academia and research as a contributor to the three areas is discussed. Finally, the importance of user acceptance is addressed.