Statista predicts that there will be around 21.5 billion devices connected to the IoT by 2025 and that providers of IoT products and services will add a $ 400 billion business in revenue. Without a doubt, the connected world of the Internet of Things is evolving at a rapid pace. Now everyone is looking for the future of IoT and how it is going to affect our lives in the near future. Here are the top 10 IoT tech trends that will define the future of IoT in the future. Smart home devices will skyrocket in popularity.Statista Reports
# 1 Smart home devices will skyrocket in popularity
Even those who dismissed smart home technology as unrealistic toys for lazy youth are finding it increasingly difficult to resist the charms of smart home devices with IoT.
These devices will be highly appreciated in 2021. And for years to come as they become highly intuitive and innovative and extend not only to the convenience of home automation but also to home security and the safety of your family.
Dryers that warn you when lint build-up is too high can prevent a fire. That’s the kind of smart home functionality that will see big adoption in 2021 and the years to come.
Another big driver of the smart adoption of IoT development is the need to save energy. Smart thermostats and intelligent lighting help conserve energy and lower bills, which will be another big reason why more and more people are turning to IoT devices in 2020 and beyond.
# 2 Edge Computing will matter over cloud computing
This will be a change to be careful. For a long time, IoT devices have relied on the cloud to store their data. However, IoT development and developers and manufacturers are beginning to realize the utility of storing, calculating and analyzing data to the limit.
This basically means that instead of sending all the data from the IoT device to the cloud, the data is first transferred to a local device located closer to the IoT device or at the edge of the network.
This local storage device can sort, filter and calculate the data and then send all or only part of the data to the cloud, reducing traffic to the network.
Known as “edge computing,” this approach has several advantages. First, it helps better manage the large amount of data each device sends. Reduced dependency on the cloud helps applications run faster and reduce latency.
By being able to collect and process data locally, the IoT application consumes less bandwidth and works even when connectivity to the cloud is affected. Because of these positives, cutting edge computing will see innovation and wide adoption in IoT, both consumer and industrial. Reduced participation in the cloud facilitates better security practices and reduces connectivity costs. The following year will experience the unbelievable use of next-gen IT in IoT.
# 3 Healthcare will see increased adoption of IoT
One of the most important applications of IoT is undoubtedly in the field of healthcare, and next year we will see how healthcare really embraces the skills of IoT.
According to Frost and Sullivan , the internet of medical supplies could be expected to grow at a compound annual growth rate of 26.2% and reach $ 72 billion by 2021.
Devices such as sensors, wearable devices, medical equipment, health monitors, and a variety of other medical devices are configured to connect with IoT.
From healthcare providers to the general population, everyone knows the technology better than before and this is bound to increase the adoption of IoT in the medical world forever.
Mobile health applications and virtual assistants to monitor patient health at home, wearable devices, and smart implants that communicate patient parameters, smart cars that monitor vital signs of the patient in transit, and a host of other connected smart devices configure the reshaping the medical world.
# 4. IoT security will be a higher priority
As adoption increases, more and more devices are connecting to the Internet of Things. The network is expanding, data volumes are increasing, and more information is at risk.
The increased use of IoT should be accompanied by a greater push for IoT security. With vital data floating in the cloud, patient health and home security are at risk. Also, the development of mobile applications based on IoT will have to be more secure than ever.
As of now, not all IoT devices come equipped with the kind of security features that laptops and computers already contain. In the next year, that will have to change.
Machine-to-machine authentication will overlap, biometric logins will become the norm, and artificial intelligence, machine learning and big data techniques will be used to identify and thwart data breaches.
# 5. AI and Big Data
With billions of consumer and industrial devices connected to IoT and data transmission, the amount of data that needs to be processed and analyzed will grow exponentially.
The idea is not only to collect data, but also to extract actionable information from this data and that it will take some artificial engineering techniques and big data to process all that information.
A convergence of AI, IoT, and Big Data will lead to a wave of next-generation applications and advancements. In fact, it can be difficult to see any of these in isolation.
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# 6. Blockchain for IoT security
Many financial and government institutions, entrepreneurs, consumers, and industrialists will be decentralized, autonomous, and fairly smart. Some of the startups are seen building their entangled territory in IOTA (IOTA is a specially designed distributed ledger for recording and executing transactions between devices in the IoT ecosystem) to develop modules and other components for enterprises without the cost of SaaS & Cloud. .
One day, IoT will penetrate health, government, transaction, finance, and other disciplines that people these days can’t think of. This kind of IoT technology trend will create big effective differences.
# 7. Better data analysis
The next few years will surprise us with the biggest trend that will occur between the IoT and the connected world. Now how the world and the IoT combine with AI to become a decision-making assistant for all people and businesses, and that’s all we hope for.
AI is a machine learning system that can easily identify trends. IoT Trends will bring better data analysis and make it easier to protect it. In addition to this, it collects information from considerable data to make better decisions for our lives. It seems that the integration of IoT is less thoughtful, smart, and also self-learning.
# 8. Smart cities to become mainstream
In the past, we have seen states implement more technologies and sensors to take advantage of accessible data collection tools. Soon, we will see the IoT Trends where forward-thinking cities will invest in pioneering data exchanges that will enable access and data fusion between public and private organizations alongside citizens.
We will have the opportunity to see the thinking conversion of several smarter cities soon. Integrating IoT with responsive cities will unlock sustainable development, decrease traffic congestion, and improve safety.
# 9. Personalization of the retail experience
IoT makes retail supply chain management even more efficient today. With the help of sensors and other smart beacon techniques, tailoring the shopping experience has become significantly easier and people can do it with greater precision.
Based on the new changes, IoT Trends of the following years will personalize your business presence. You can imagine receiving a discount notification on a product usually purchased from your favorite store, but can you also imagine an internal map of your favorite store that leads you to the exact product you want?
This latest IoT technology trend will ensure better integration of the personalized retail experience that can ultimately bring a new era of shopping.
# 10. IoT-powered predictive maintenance
In the future, the home will inform homeowners about plumbing leaks, appliance failures, electrical issues so that homeowners can avoid home maintenance disaster. More of the characteristics of sensors in factories, aircraft and automobiles that can be achieved today will soon enter your home with the help of all these IoT Trends.
In response to these predictive IoT abilities, we will view home care offerings as a contractor service. It doesn’t matter if you are home or not, they will take action immediately when a problem is perceived.
Today, several home insurance companies are already aware of the changing nature of smart sensors and other connected devices that greatly affect the Internet of Things trends. Sensors found in cars, such as national insurers, will be able to reduce risk and other payments while providing lower rates to consumers who will install proactive monitoring systems to prevent damage.
These are some top IoT trends that will dominate the IoT application development ecosystem in the new year. Both consumer and industrial IoT will see breakthroughs and a host of connected devices, but the vagaries some people know about the technology will become commonplace.
Of course, new technologies will emerge that will make IoT more intuitive and user-friendly. But if we look to a large extent, manufacturers will have to work harder to protect their connected devices. In the midst of all these trends and predictions, the future is definitely promising and certainly worth the wait.
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