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This study aims at identifying and prioritizing the application areas for business development of IoT(Internet of Things). In specific, we collected the opinions of the experts on IoT in Korea through the survey based on pairwise comparison, and then we analyzed them using AHP(analytic hierarchy process). As a result, we found that ‘Public Safety & Security’, ‘Automotive & Transportation’, and ‘Utility & Energy’ are the most promising area in realizing IoT-related businesses. Also, we found that the experts had different views according to the positions of their industry in IoT value chain. The analysis showed that the device industry prioritizes ‘Public Safety & Security’, whereas the network industry does ‘Automotive & Transportation’. The experts from the service industry were found to regard ‘Utility and Energy’ as the most promising commercialization area of IoT.

A study on prioritizing the application areas for business development of IoT(Internet of Things)