The state of Internet of Things is exploding. Besides increasing numbers of vendors plying to make viable IoT products and services, the robust developments, such as smart cities and 5G are adding fuel to the fire.
Moreover, the Gartner prediction says there would be more than 20 billion IoT devices by the end of 2020.
Below, we’re about to discuss top trends encompassing IoT and what should we expect in 2019:
IoT industry is flourishing, especially due to a few high-valued vendors. The whole of 2018 was spent focusing on vendors, such as Google Cloud and Splunk – while same is expected to happen in 2019.
Moreover, this year is going to witness some major developments in the field of B2B and B2C applications. The forecasts say almost 85% of organizations will adopt cutting-edge IoT solutions in 2019.
Such adoption is likely to surge across healthcare, retail, manufacturing and utility industries, respectively.
Going by the reports, the industrial IoT is expected to soar and hit $123 billion by the end of 2021. The potentials of industrial IoT will hit newer highs this year. Connected cars, farming technology and smart building will accelerate its adoption worldwide.
A report highlights that logistics, manufacturing, transportation and utility sector are going to invest $40 billion on diverse IoT platforms and services by 2020.
IoT Projects In-Make
At the beginning of IoT adoption, experts were unclear regarding the avenues on which this technology is going to be used other than ‘connected things’. Today, times have changed.
2018 was a year of progress and technological development. Comparatively, 2019 will witness exponential growth in smart city applications and infrastructural projects to meet the burgeoning customer demand.
Security and Preventions
Despite the IoT boom, the security still remains an area of concern. Although 2018 has been a year of triumphs and evolution, IoT security issues kept appearing in the headlines – from self-driven car accidents to numerous technical glitches, data security and privacy alerts kept plaguing the success of IoT deployment.
“Security must take precedence over innovation if confidence in IoT is to grow and severe security issues are to be avoided,” says Jamie Bennett, VP of engineering IoT and devices at Canonical.
“Next year we hope to see binding agreements to strengthen this security initiative. However, the question of who is responsible for this standardization across the IoT is yet to be answered,” adds Bennett.
Based on real-time data analysis, today’s organizations seek immediate action, especially the sector of logistics and manufacturing. For them, edge computing is the best possible answer. This year, 5G deployments and IoT expansion will drive immense awareness and traction to edge computing.
Robotic Process Automation
No wonder, 2019 is going to give maximum focus on Robotic Process Automation software. As more and more vendors adopt this technology as part of their portfolios, organizations improve and enhance their applications more rapidly and seamlessly in a series of simple steps. This, in the end, will further evolutions and boost advanced intelligent automation.
As a concluding note, we would like to say 2019 is going to be an interesting year for the entire IoT ecosystem, including stakeholders and vendors – though security and privacy remains a crucial issue, with a healthy dose of improved technologies, we are going to achieve technological excellence and positive business growth.