Building IoT products: from discovery to a market-ready solution

Building IoT products: from discovery to a market-ready solution

Building a secure and efficient IoT product is a complex multi-phase journey that starts with thorough analysis and prototyping and goes all the way to product integration and support. Moreover, it involves multiple technology layers, so you need to consider different aspects of the hardware, and solution's connectivity, choose the optimal cloud approach, and streamline data processing and analytics. Handling such a multilayered process requires strong technical expertise and experience with every stage of IoT product development.?

Here are the latest insights, trends, and success stories on IoT development by N-iX experts:

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IoT infrasructure

“What IoT gives business is the possibility for any customer to see, manage, and control their devices, no matter where they’re located in the world. This provides a significant competitive advantage by improving operational efficiency, enhancing customer experience, and driving innovation & digital transformation in products and services,” shares Mykhaylo Kohut , Embedded IoT Solutions Architect at N-iX.

IoT is growing: recent statistics and trends

IoT technology is developing rapidly — the number of connected devices grows, and more businesses transition into using IoT in one way or another. Let’s explore the magnitude of this industry and take a look at the statistics:

  • 127 new devices connect to the Internet every second. (Source: McKinsey )
  • The global economic value generated by the IoT market will grow from $251B in 2022 up to $621B in 2030. (Source: Statista )
  • The IT Services for the IoT market will represent a $58B opportunity in 2025, up at a 34% CAGR from 2020. (Source: Gartner )
  • The number of Internet of Things (IoT) devices worldwide is forecast to almost triple from $9.7B in 2020 to more than $29B in 2030. (Source: Statista )
  • Embedded software market size is expected to cross $40B by 2032. (Source: Global Market Insights )
  • The number of global businesses using IoT grew from 13% in 2014 up to 25% in 2022. (Source: McKinsey )?
  • Industrial IoT is forecasted to grow from $263.5B in 2021 to $1,110.0B by 2028. (Source: Statista )
  • The global IoT in the healthcare market is projected to grow from $89.07B in 2021 to $446.52B in 2028 at a CAGR of 25.9%. (Source: Fortune Business Insights )

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IoT global revenue 2020-2030

Insights from N-iX IoT experts

1. How to solve the challenges of Embedded and IoT development lifecycle

Developing embedded systems with further integration into the Internet of Things ecosystem requires knowledge, skills, and a fundamental understanding of the project needs. Among some common challenges are security risks, monitoring, data management, and more. Our experts shared some of the challenges that might influence both embedded and IoT development lifecycle, and ways to address them.

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2. 10 challenges of embedded project development and ways to address them

At the beginning of the project, it is often difficult to foresee the issues that may arise during the software and hardware development process. Prototyping cost, device manufacturing expenses, compliance, and QC automation are some of the challenges in hardware development. Nevertheless, embedded systems remain central to many industries, such as automotive, industrial machinery, and consumer electronics.?

Our experts discussed 10 common embedded project problems and provided their solutions in the article.?

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Embedded development challenges

3. How to ensure IoT security across system levels: a comprehensive guide

IoT product security is complex and goes far beyond setting reliable passwords and using VPNs, though those measures would not hurt either. There are numerous ways in which hackers can exploit the weaknesses of your IoT security products at each infrastructure level. Among common threats are: the man-in-the-middle attack, malware installation, physical attack, eavesdropping, and more. Find out how to prevent these and other attacks and ensure IoT security at each level.?

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IoT security infographics

4. IoT cloud: case studies and best practices

Cloud-based IoT infrastructure goes along with many advantages, such as easy data integration, high security, data scalability, and faster time to market. However, all these benefits come hand in hand with some challenges — IoT configuration management, encryption, storage cost and low portability. Discover other challenges that can arise when implementing the Internet of Things cloud and ways to address these challenges in the article.?

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IoT cloud challenges & solutions

5. Expert steps to successful IoT test automation

IoT automation testing cannot be an afterthought if you want to launch a perfect product. It helps reduce development costs, avoid reputation damage and cut time-to-market. The complexity of IoT ecosystems calls for a well-structured testing approach. In particular, you need to test each layer of your system separately, then test the connection between layers, and then test the entire system. Read more about the three-stage approach to IoT test automation in a recent article.

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IoT testing types

6. Industrial IoT: best practices and key use cases

The industrial IoT refers to connected smart devices used across business verticals, including manufacturing (Industry 4.0), logistics, oil and gas, transportation, energy/utilities, aviation, etc. This technology connects your people, products, and processes to power digital transformation. Our experts provided an in-depth overview of IIoT use cases across various industries such as manufacturing, healthcare, and logistics.

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IIoT

IoT success stories of our clients

Over the years, N-iX has built many embedded and IoT solutions for a number of clients helping them address a multitude of business challenges from IoT-powered fleet tracking to medical equipment. Let’s take a look at some of them:

1. IoT development of healthcare software products for a medtech company

Being a large and fast-growing medical technology company, Weinmann needed to increase its development capabilities to reduce the market-launch time for its MEDUCORE Standard2 portable defibrillators.?

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MEDUCORE Standard2 portable defibrillator

The N-iX team extended the product's functionality — now, the device can connect to the telemetry server and instantly transfer patients' data to the doctor. Also, together, we have released a new version of MEDUCORE Standard2 that adheres to medical requirements and industry standards.?

As a result, we helped our partner speed up the time to market and achieve the solution's reliability and seamless operation.

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2. Building an IoT fleet tracking solution to improve efficiency and customer reach

Our client, an international company offering smart telematics solutions for efficient fleet operation, needed to improve fleet management and implement a new full-stack IoT solution.?

N-iX provided full-cycle product development services to the client, including product feature assessment, solution architecture design, and full-scale implementation and support. Together with the client, we have developed a new full-stack IoT solution for industrial fleet tracking and management companies.

It helped the company ensure smart fleet monitoring, operational efficiency, safety, and effective maintenance.

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3. Product Discovery and PoC of a web-based CCTV solution for transport connectivity

N-iX helped a leading global provider of connectivity solutions implement a web-based CCTV solution for transport connectivity to expand their services and get ahead of the competition.?

N-iX conducted an extensive Product Discovery, designed the solution architecture, and created the conceptual design of core features. Finally, the team has developed the web-based CCTV solution from scratch and has been improving and enhancing its core capabilities.?

As a result, our client obtained a web-based CCTV solution to get ahead of the competition and ensured high customer satisfaction and retention by establishing an excellent user experience with a UI/UX design.

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4. Enhancing UI/UX and development of embedded solutions for vehicle parking?

We helped our client, an Australian company building intelligent parking solutions, modernize the existing secure storage product and develop a new version of the parking meter.?

The N-iX team started with developing the UI design for the embedded application, then significantly improved the existing microservices architecture. Additionally, we have developed a next-generation parking meter that is powered by solar energy, enabling more efficient energy consumption and longer operation durations.

The new embedded solutions we developed together with our client allowed them to enhance the quality of their services. Additionally, after modernizing the original version of the parking meter, which was intended for the Malaysian market, we moved on to developing it for other markets.

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5. IoT development of customized solutions for railway control and communication

Our client provides high-tech communication systems for specific niche markets. They wanted to boost the speed and efficiency of providing their customized solutions for railway communication and control.?

N-iX developed an advanced onboard control system for train drivers and a real-time data control system that accurately calculates the opening of all train doors at the next stop.

Our solutions helped the company improve service quality, expand customer reach, and enhance passenger safety conditions.

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N-iX at Embedded World 2023

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N-iX experts at Embedded World 2023

Recently, the N-iX team had an incredible experience at the embedded world Exhibition&Conference , where we had the opportunity to share our expertise, network with industry professionals, and showcase our latest prototypes. We are looking forward to the next event and preparing a lot of new projects, ideas, and insights!

Build a successful and efficient IoT product with N-iX!

As a full-cycle IoT product development partner, N-iX can help you with every aspect of your IoT or embedded project, from validating your idea and building a prototype to designing scalable cloud architecture and unlocking the value of predictive analytics.

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N-iX IoT product development services

Discover more about N-iX IoT and embedded software development services !

Learn more about our IoT expertise from our expert, Mykhaylo Kohut , Embedded IoT Solutions Architect at N-iX:

Thank you for reading our third digest—follow the newsletter "N-iX Tech Insights" to stay tuned for further issues!

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