The technology industry continues to be a hotbed of patent innovation. Activity is driven by the increasing adoption of IoT devices, the need for proactive maintenance, and growing importance of technologies such as edge computing, machine learning, and cloud connectivity. In the last three years alone, there have been over 1.5 million patents filed and granted in the technology industry, according to GlobalData’s report on Internet of Things in technology: edge device diagnostics. Buy the report here.
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However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
185+ innovations will shape the technology industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the technology industry using innovation intensity models built on over 1.6 million patents, there are 185+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, predictive collision detection, real-time fault monitoring and smart inspection are disruptive technologies that are in the early stages of application and should be tracked closely. D2D communication, low-power NFC and fog computing are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas is NFC broadcasting, which is now well established in the industry.
Innovation S-curve for Internet of Things in the technology industry
Edge device diagnostics is a key innovation area in Internet of Things
The practice of edge device diagnostics refers to the remote monitoring and problem-solving of network-connected devices situated at the edge. This encompasses gathering data from remote devices, conducting analysis, and utilising the findings to detect and resolve any arising issues. Edge device diagnostics offers significant benefits by enhancing system performance, minimising downtime, and reducing operational expenses.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 115+ companies, spanning technology vendors, established technology companies, and up-and-coming start-ups engaged in the development and application of edge device diagnostics.
Key players in edge device diagnostics – a disruptive innovation in the technology industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to edge device diagnostics
Source: GlobalData Patent Analytics
Kaseya is one of the leading patent filer in edge device diagnostics. Other prominent patent filers in the space include Alphabet and Hayward Industries.
By geographic reach, Kaseya leads the pack, followed by Assurant and UDR. In terms of application diversity, Hayward Industries holds the top position, followed by GSG and Comtech Telecommunications.
IoT innovation in edge device diagnostics enables real-time data collection and analysis at the edge, enhancing predictive maintenance, reducing downtime, and optimizing operational efficiency.
To further understand the key themes and technologies disrupting the technology industry, access GlobalData’s latest thematic research report on Internet of Things.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
