Wireless charging has the potential to transform our reliance on plug sockets, thus enabling the devices to be constantly topped up with power in almost any location. It's also making in-roads in the healthcare, automotive, and manufacturing industries, especially IoT devices, to get power many feet away from the charger.

Vending machines aren't new, but they've seen high diversification in the use cases in recent times. The global vending machine market is growing at a CAGR of 13% and expects to reach over $146.6B by 2027.

Smart air conditioners (AC) help the user monitor and control the AC from a remote location. Basically, it's connected with the Internet of things (IoT) hardware, and it controls the air conditioner via infrared, just like its remote function.

Sandeep Tandon, the founder of online financial services player Freecharge, has allocated Rs 100 crore from his family office to invest in early-stage companies in the hardware, manufacturing, and IoT space.

The rising elderly population demands increased responsibility from the healthcare industry to assist them with the slowly debilitating disability. These people need assistive devices to perform their day-to-day activities to maintain a healthy, independent, and dignified lifestyle.

As the online healthcare marketplace makes it easy for patients to connect with physicians of required expertise at their own place and time, the new-gen digital health devices provide physicians remote health status for efficient diagnosis.

By 2025, growing at a CAGR of 25.2% from 2020 and the value of the ECU or DCU would contribute to over 35% of the value.

The global volatile memory is expected to reach $82.03 Bn. by 2022 at a CAGR of 9.50% between 2017 and 2022. Based on various applications, consumer electronics, automotive applications, and healthcare monitoring are the most lucrative applications and they're expected to exhibit faster growth.

The future of IoT will drive change in rapidly evolving endpoint device capabilities and communication networks for increased reliability. The most commonly adopted among the available communication technologies are satellite and radio-frequency (RF).