Digital Transformation of the World Economy: Evaluation of the Global and Russian Internet of Things Markets

Abstract:

Today’s world is on the verge of a digital transformation of the economy, consisting of the large-scale implementation and use of information and communication technologies in all spheres of the world economy. Recently the term “digital economy” has appeared, denoting sectors of the economy based on the introduction of innovative digital technologies. According to various estimates, the share of the digital economy ranges 15-30% of the entire global economy. New innovative areas are emerging within traditional industries that contribute to the digitalization of the economy. This is both Fintech in the financial sector and Industry 4.0 in manufacturing. The main drivers of the digital economy are cloud computing, big data, neural network technologies, cyber-physical systems and many others. In the past few years, one of the main areas in the digital economy has been the technologies of the Internet of things, which not only covers the development of the Internet of things at the household level, but also the use of these technologies in the industry. The Internet of things is discussed in the article, the basic aspects of this concept are analyzed, comprehensive analysis in the field of understanding the Internet of things is attempted and the main segments that are within its scope are identified. Based on the study, an analysis of the global Internet of things market was carried out, its main directions of development were identified, and the prospects for use in different directions were assessed. The main market parameters determining its development dynamics, and financial indicators were investigated. The main leaders of the global Internet of things market are identified in the study. The Russian Internet of things market is examined in this article, its prospects and development directions are examined. A comparative analysis of the global and Russian markets of the Internet of things is carried out.