The internet of things (IoT) has been one of the most talked-about topics in the tech world for the past few years. And it’s only going to become more prevalent in the coming years.
According to a report by MarketsandMarkets, the IoT market is expected to grow from $693.4 million in 2017 to $2,559.6 million by 2022.
So what can we expect from the world of IoT in the coming years? Here are some of the top IoT technologies that industry experts believe will shape the landscape in 2022:
- IoT fueled with 5G technology
5G is the next generation of wireless technology that promises to bring several benefits to the IoT, including faster speeds, lower latency, and more reliable connections. This will enable new use cases for the IoT, such as real-time video streaming and virtual reality applications.
IoT enabled edge computing: Edge computing is a distributed computing paradigm that brings processing capabilities closer to the data source.
With edge computing, IoT devices will be able to collect and analyze data without relying on a network connection. This will enable more efficient IoT systems and a better user experience for applications like smart cities and autonomous vehicles.
- Blockchain
IoT security: Blockchain is a distributed database that allows secure, transparent and tamper-proof data sharing. This makes it well-suited for applications in the IoT where data security is paramount. Blockchain can be used to create a decentralized IoT ecosystem that is less vulnerable to attacks.
Artificial intelligence for IoT analytics: As IoT devices generate more and more data, there will be a greater need for intelligent analytic tools to make sense of this data. Artificial intelligence (AI) has emerged as a leading technology that can help businesses unlock the value of their IoT datasets.
With AI-powered analytics, companies will be able to identify patterns, trends, and correlations that would otherwise be hidden in large data sets.
IoT standards: A lack of criteria has been a major barrier to adopting IoT technology. For the IoT to reach its full potential, there needs to be an agreed-upon set of standards for things like data formats and security protocols.
- Smart cities
With the help of IoT technology, smart cities are already transforming the way urban areas operate. In 2022, we can expect to see even more innovations in this space, including smarter transportation systems, energy optimizations, and improved disaster response.
Industrial IoT: The industrial sector has been a primary early adopter of IoT technology. In the coming years, we can expect to see even more use cases for the IoT in manufacturing, healthcare, and energy.
As the IoT continues to evolve, it will be exciting to see how these technologies come together to create new and innovative applications.
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- IoT-enabled AI application
IoT will create more data than ever before, and this will need to be processed using AI. Smartphones, cars, homes, factories, and power plants will all be connected and generate zetabytes of data every day. This data can be used to improve efficiency, optimize resources, and save lives.
As IoT continues to grow, we can expect to see more and more applications of AI for data processing and analysis. Whether it is predictive maintenance or self-driving cars, the future of IoT will be driven by AI.
So if you’re thinking about developing an IoT application, be sure to hire a team of experienced developers who can help you make the most out of your data. With the right tools, you’ll be well to a smarter and more connected world.
