According to an estimate by US market research and consulting firm Grand View Research , the Internet of Things (IoT) will have a global market value of over 900 billion US dollars by the year 2025. Growth in the cloud computing market is reported as being a contributor to this, along with the rising number of interconnected devices and last but not least, state initiatives to promote the IoT.
However, there is still a lack of across-the-board solutions for integrating information systems, devices and sensors. This is what the five million euro EU-funded IoT Crawler project wants to help bring about. Its ten European industrial and academic partners hope to develop an IoT search engine that makes integration and interaction possible across different platforms and systems. Members of the core team are the University of Murcia, the University of Surrey, NEC Europe Ltd, Aarhus University and the City of Aarhus, as well as Siemens Austria and ODIN Solutions S.L. The joint project also includes plans for Industry 4.0, Social IoT, smart city and smart energy demo applications.