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How active Russia is in the IoT market?

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According to expert statistics, Russia’s IoT investment in 2019 was predicted to be $5.6 billion USD, placing Russia in the 14th position globally. Worldwide IoT expenditure in 2019 reached approximately $745.6 billion USD, implying that Russia’s IoT market share was around 0.75% of the global market.

The IoT industry’s position in Russia is relatively low compared to major nations such as the United States, China, Japan, Germany, and South Korea, which accounted for more than 60% of the worldwide IoT expenditure in 2019. However, Russia’s IoT industry is expected to grow at a CAGR of 19.62% from 2016 to 2023, potentially reaching $74 billion USD by 2023. This growth is supported by government actions and policies in various industries and domains, including smart cities, manufacturing, transportation, and energy, serving as a key drivers for expansion.

While Russia’s current IoT market share is relatively low compared to the rest of the globe, it holds high potential to become a prominent player in the IoT sector in the future.

Some IoT projects in Russia include:

  • Remote health monitoring system during COVID-19, which used IoT devices to gather and send vital signs and symptoms of infected patients to doctors and caregivers, enabling fast and accurate diagnosis and treatment while lowering transmission risks.
  • Moscow’s endorsement of smart city solutions, employing IoT sensors and cameras to monitor and manage various aspects of urban life, including traffic, parking, waste management, the environment, and public services, with AI used for data analysis and providing management insights.

Smart city solutions in Moscow encompass various initiatives aimed at enhancing the quality of life and well-being of its residents:

  • Security measures involve monitoring and managing urban security, crime prevention, emergency response, fire safety, and public order using IoT sensors and cameras, with AI analyzing data to improve security management.
  • City infrastructure is monitored and controlled, covering areas such as electricity, water, garbage, and the environment, utilizing IoT devices and cloud computing, with AI enhancing the efficiency and sustainability of urban services.
  • Smart homes enable Moscow residents to manage and automate aspects of their home environment through IoT devices and smartphone applications, with AI offering tailored solutions, including energy conservation and health monitoring.
  • Construction areas benefit from IoT sensors and drones for quality control, safety, and progress monitoring, while AI enhances urban project design and planning.
  • Transportation and mobility solutions use IoT sensors and cameras to monitor traffic, parking, public transit, and vehicle sharing, with AI improving efficiency and safety in urban mobility.
  • Healthcare services include online access to various healthcare services using IoT devices and cloud computing, with AI aiding in the diagnosis, treatment, prevention, and management of diseases.
  • Education utilizes IoT devices and web platforms to deliver personalized and adaptive learning experiences, with AI supporting curriculum creation, evaluation, feedback, and mentorship.
  • Tourism and recreation services are provided through IoT devices and smartphone applications, with AI creating personalized tourist solutions such as smart guides and augmented reality experiences.
  • Retail and services benefit from IoT devices and cloud computing, enhancing customer support, recommendation systems, fraud detection, inventory management, and delivery optimization.

Smart city solutions in Moscow employ digital technologies to improve citizens’ quality of life and well-being.

Sources:- Statista, MENAFN, IoT, Fortunebusinessinsights, globaldata, The economic times, Project Pro, Moscow 2030 city, webuildvalue, smartcitiesworld, PRNewswire, IoT Now

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