The Two Major IoT Standards - OCF and the Thread Group to Officially Partner Up

California, USA: IoT is the next big thing that has been emerging, which is nothing but a huge network of connected devices which may span from human beings to devices. The two major IoT standards - Open Connectivity Foundation (OCF) and Thread Group, wherein OCF is engaged in different end user segments which include consumer, healthcare, automotive, industrial, enterprises, etc. providing them with the desired communication standards that ensures secure interoperability among its users, irrespective of the manufacturers. The Thread group co-founded by Nest, provides with IPv6 networking protocol that allows multiple connected devices to communicate with each other at home.

The alliance lays emphasis on increasing the compatibility levels OCF’s application layer with Thread’s low power, secure and scalable IPv6 protocol. Further, this partnership would help explore more possibilities in terms of IoT, realizing full potential of the IoT market along with providing the customers with seamless technologies, product experience and a connected home framework that is easy to configure and install. This deal is completely oriented towards ensuring the customers with smart home devices to work efficiently irrespective of the differences pertaining to the protocols.

TechSci Research depicts that the growing focus of the companies towards providing the seamless mesh of technologies for the IoT market is going to accelerate the overall technology ecosystem. Apart from this, the idea of a fully functioning smart home framework providing the consumers with a secure interoperability that would allow in augmenting the customer efficiency.

According to a recent report published by TechSci Research, “Global Smart Homes Market By Application, By Technology, By Region, Competition Forecast and Opportunities, 2011 – 2021”, the global smart homes market is projected to cross USD60 billion by 2021. On the basis of application, the market has been segmented into five categories, namely, Energy Management Systems, Security & Access Control Systems, HVAC Control Systems, Entertainment Control Systems and Others. Among these categories, Energy Management Systems dominated the global smart homes market in 2015. With increasing government efforts to optimize energy consumption, the adoption of energy management systems is expected to further increase in the coming years. In 2015, North America dominated the global smart homes market, followed by Europe, Asia-Pacific, Middle East & Africa and South America.