Gradually, the increasingly intensive integration of IoT into different aspects of business, will lead to the demand for LPWA (Low Power Wide Area) technology. The security issue will become more acute, which will lead to an increase in the role of Internet of Things analysts.
Iot market trends
Iot trends for today are very promising. Judging by the intensity of their development, the coming years will be revolutionary and definitively determine the fate of the Internet of things. These changes affect not only manufacturers, but also companies, where IoT penetrates faster than others.
Nowadays many companies have paid attention to IoT-solutions, and the number of already implemented them, is constantly increasing. So, the consumer has long appreciated all the advantages of using many home smart devices. The forecast says that until 2021 the volume of the smart home market will grow to 1.4 billion units.
Gradually, the increasingly intensive integration of IoT into different aspects of business, will lead to the demand for LPWA (Low Power Wide Area) technology. The security issue will become more acute, which will lead to an increase in the role of Internet of Things analysts. Now we should know how these trends will affect the development of this ecosystem.
Iot market trends and forecasts
1. The data will become a “new currency”. Combining data from different devices and sources will give an almost inexhaustible flow of information. It can be used for all sorts of purposes – from medical and scientific research to transport logistics and mining. Together with the progress of technologies, their price will become cheaper and popularity will increase. At the moment, large companies are solving the problem of backward compatibility of different devices and data security. But soon they will succeed.
2. There will be a cross-vertical integration of IoT-systems. The giants of the Internet market of things by 2020 plan to work out the integration of devices with different platforms. They assure that by that time there will be no separate scenarios for the “smart home” or “smart car”. By virtue of the age of total Smart Life.
3. The Internet of things for corporations is no longer relevant. If in 2007 the smartphone was an attribute of businessmen and managers, today it has already passed into the hands of teenagers and their parents. The same will happen with Iot: its flexible ecosystem and an abundance of applications will bury the monopoly of the corporate segment. Large players with their slownesses will give way to small, flexible companies. Such as Kaa, for example.
4. Anyone will feel like a developer. If we analyze the way success of such start-ups as Instagram, WeChat, Uber or Angry Birds, it becomes clear: their success has grown on the wishes of the consumer. In order to create an up-to-date product, developers will give users access to offering, making ideas and developing more new solutions based on prescribed platforms.
Of course, the issue of security and data protection will remain a particularly topical issue. But, in spite of the risks, the benefits of using the Internet of things will at times exceed the possible threats associated with web crime.