In the recent year, internet of things research and innovation in the ship equipment supply, product, and services sector has decreased. According to the most recent data, the number of IoT patent applications filed in the Industry was nine in the three months ending in December, down from 18 in the same period in 2020. Patent grants relating to the Internet of Things grew at a faster rate than filings, from 11 in the three months ending December 2020 to 16 in 2021.
GlobalData compiles the data, which tracks patent filings and approvals from government offices around the world. These patents are classified into main topic areas and related to key corporations across various industries using textual analysis and official patent classifications. One of the important areas that GlobalData monitors is the Internet of Things. It has been identified as a crucial disruptive factor for businesses in the coming years, and it is one of the areas where organisations investing today are anticipated to reap the benefits.
United Parcel Service Inc of the United States came in second with nine IoT patent applications, Royal Caribbean Cruises Ltd of the United States came in third with three applications, and Westinghouse Air Brake Technologies Corp of the United States came in third with three applications (3 applications).