Latest IoT Trends to Hit in 2023 and Beyond
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IoT (Internet of Things) has now become a household name. The number of IoT installations is expected to cross 30 billion by 2025.
As the IoT industry continues to boom, businesses start to focus more on security in terms of physical devices and data. However, most companies have implemented it already, but not all take proper action to keep their business data safe and secure. To leverage the full potential of IoT, businesses need to assure that their data is safe and secure from vulnerabilities and unauthorized access.?
What is? IoT?
IoT is a network of interconnected smart devices and technologies in our houses, offices, businesses, cities, and others. IoT facilitates communication between the cloud and devices and between devices.
IoT facts and figures in 2022 and beyond:
More than 7 billion IoT devices are currently in operation
The growth rate of IoT is expected to increase in 2023 and beyond
It is expected that 75% of all devices will be IoT by 2030.
Benefits of IoT: A quick view
The IoT industry is growing exponentially, and it continues to grow only in the years to come. Here we have listed the trends that may hit in 2023 and beyond.?
1. Increased focus on security
As IoT becomes more widespread, businesses will begin to pay more attention to security in terms of both data and physical devices. Some may consider this part of IIoT but others may see it more within the realm of fintech. At the end of the day, customers will not care about how security is set up in this ecosystem. The IoT provider will have to collaborate and work with the security service providers to assure the data encryption and safety of customers' devices.?
2. Smart Building and cities?
With the augmentation of smart devices, businesses will largely adopt smart building technologies. This makes their workplaces more productive and efficient. It is currently in high demand, although not many solution providers can offer the overall project. But with enhancements in IoT technology, the concept of smart buildings and smart cities will show a huge rise.?
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3. Advanced Networks
The evolvement of IoT technologies also develops the network around them. IoT sensors, wearables, smart cities, and homes are made possible by networks and connection infrastructure with increased speed, security, and dependability.
4. AV Integration
To improve collaboration and communication, more businesses will start to integrate AV technology in their IoT deployment. The metaverse is highly in trend these days, but it is not yet a reality in companies. Leveraging IoT not only enables a better user experience but also helps in reporting utilization to access the investment ROI and make strategic decisions as per the data.?
One of the leading AV integrators in the field of IoT and Smart Office is GMS Global Media Services GmbH, the German GPA team.
5. Connected cars
The number of autonomous vehicles will increase drastically in the coming years, and this leads to a whole new wave of IoT-enabled cars. While this depends to some extent on smart cities, it is clear that as far as IoT goes, each part of this ecosystem will need to be interconnected and control assets or at least collect data. While it is not yet clear who will be responsible for the behavior of the cars, it is clear that insurance companies play a significant role in this, as they are likely to take the risk.
6. Digital Twins
Digital twins are the exact digital replicas of physical products, processes, or any system that connect the physical and digital worlds. Today digital twin technology uses IoT sensors to get real-time data of a physical item to construct the physical item in the digital world.? The digital twin can be analyzed, optimized, and manipulated to test different scenarios in a risk-free environment.??
7. More mixes of edge and cloud
The IoT industry will begin to see more deployments in 2023 that combine edge and cloud computing (hybrid networks) to take the benefits of the best of both worlds. Companies like Lenovo have invested a lot of their R&D resources in designing products that are not only available to deliver cloud services and edge, but also create rigid hardware that can also be used in most critical environments.
What else will be there in the coming years for IoT?
There are some areas that might grow in 2023 or beyond. These are:?