There has been a lot of craze about the Internet of Things nowadays. No doubt, we can’t ignore its huge impact on almost everything that we deal with. And undoubtedly, this booming technology has taken over the world with its power of connectivity of devices, i.e., ‘things’ over the internet. More importantly, the Internet of things is not a mere concept; instead, it is a true technology-enabled network. This giant network of connected devices allows data sharing within the network, and the beauty lies there. Interestingly, the Internet of Things will be a multi-trillion dollar industry in the coming future, as stated by PWC in a report.
So, what are the IoT trends that we can expect in the year 2020 and beyond? Let’s have an idea of the same.
Top 12 IoT Trends in 2020
Trend1: Big data and Artificial Intelligence will clearly dominate
As the IoT devices proliferate, it generates a huge amount of data. However, unless we analyze this data in a meaningful way, we cannot get business insights. Hence, there is a clear dominance of Big data and Artificial intelligence that falls under IoT trends, which will help us extract processable information from this data. No doubt, it will work as an effective business move. Furthermore, these two technologies will work as the show stoppers among the other emerging IoT trends in 2020 that will enhance data access in real-time. Additionally, the combination of Big data, IoT, and artificial intelligence will help in strategic planning and generate productive applications.
Trend 2: Blockchain for IoT Security
The new internet Blockchain Technology ensures complete security during the transaction through the internet. Its strong codes make sure that nobody can alter the records of the transaction. When things are interconnected in IoT and share data, no doubt, it is of utmost importance to ensure data security. Blockchain offers no loopholes in a safety concern; using Blockchain in IoT has become one of the most popular IoT trends. Not to mention, it will bring great differences in the field of technology and foster. The advanced application of Blockchain will help to build technical devices.
Trend 3: Software-As-a-Service is the new normal
The use of Software- As-a-Service is prevalent. Hence, when we discuss IoT trends, we can no doubt this is one area we cannot ignore. Software- As-a-Service or SaaS is a service model. This is a cloud-based model wherein the service provider hosts the desired application and makes it available to the customers through the cloud for use over the Internet. IoT trends like these provide a marketing platform to companies where they can promote their product. As this IoT trend is rising in the market, it will soon make the marketer’s lives better than ever before.
Trend 4: Unified Framework for Integration
To make any project a success, the right project management skills, great methodology, and a systematic approach must be implemented. This needs a common shared platform to plan strategically and perform activities accordingly.
In IoT framework creating a unified framework is a major challenge that industries face for a long time. As many companies do not have a shared central platform, creating a unified framework for integration is necessary for keeping enterprises safe and secure, which has become another IoT trends.
Trend 5: The popularity of Smart Home Devices will soar
Smart home devices are becoming more and more innovative with advanced technologies and offering great assistance to users. Not to mention, this is making IoT smart devices difficult to resist and being accepted as blessings. It is not only a matter of great comfort but also renders an advanced level of safety and home security to your family. Thus, smart devices will dominate the other upcoming IoT trends in 2020.
Trend 6: Edge Computing will overtake Cloud Computing to lead IoT
It is a known fact that edge computing or fog computing is taking the edge over cloud computing and is being greater adopted by the consumers in the year 2020. The same is the case for the industries. IoT devices use the cloud for storing data. But now, recent IoT trend shows instead of sending the entire data from the IoT device to the cloud, and the data is first transferred to a local device that is located closer to the IoT device or at the edge of the network. Once the data is transferred to the local device, sorting and calculating the data happen at the edge, and finally, a part of the data is sent to the cloud from the edge device. This helps to reduce the traffic to the network.
If you want to know more on this, please refer this blog –
How Fog Computing and Cloudlets bring IoT to the cloud
Trend 7: IoT Security will be prioritized
As the network’s mesh increases with more and more IoT devices connecting to the internet of things, it associates large volumes of information that get transferred across multiple networks. However, as the network expands, it exposes more information at risk. So, establishing robust IoT security is the priority to prevent data from thefts and malicious attacks. Hence, ensuring IoT security will become an important IoT trend among all other upcoming IoT trends in 2020. In this context, Machine learning, Big data, and AI will help in identifying and reducing the risks while rendering data security and protection.
Trend 8: Personalization of the Retail Experience
IoT trend 2020 shows an impressive impact on retail supply chain management, which will work even more efficiently than ever before. From simplifying the shopping experience to making online purchases easier, the IoT app will work instrumentally. With IoT, you can expect a personalized retail experience, which will help boost the commercial presence of the business on the web.
The sensors and other smart devices will leverage various features to make the shopping of users a cakewalk. It will introduce a new era of shopping in the true sense that will attract customers from all categories.
IoT connected devices from 2015 to 2025 in billions
Trend 9: Smart Cities will become mainstream
Smart cities are becoming a mainstream IoT trend where we will get the newer version of smart cities. This will invest in exchanges of data between private and public organizations together with citizens. The integration of cities and IoT will bring significant benefits for citizens. This will pave the path for sustainable development. At the same time, it will decrease traffic congestion and better security within the city.
Trend 11: Predictive Maintenance will boost up
Another important aspect of the IoT trend in 2020 will be predictive maintenance. It will help homeowners to know about the damages and leakages in their homes. This will work as a preventive measure that will prevent homes from disasters and maintain the same time. Besides, using this predictive skill of IoT, organizations will offer home care services based on the contracts. This will help to take appropriate actions against possible damages. Along with this, nowadays, insurance companies are using smart sensors and other IoT devices for enhanced services.
Trend 12: Healthcare will see enhanced IoT Adoption
One of the most important IoT trends shows a significant dominance of the IoT app development of healthcare. The internet of things medical devices is expected to reach $72,000 million by 2021 which is equal to the growth rate of compound annual growth of 26.2%. As IoT will configure with healthcare devices, it will make it easy to monitor the health status of the patients.
Conclusion
These are some of the IoT trends that will dominate IoT application development in the coming year 2020. According to industry experts, both the industries and consumers will witness great advances in devices, which will bring a great difference in their daily lives. Furthermore, with the involvement of the latest technologies available in the market, we will experience more convenient and intuitive IoT devices. With all the IoT trends and predictions, the future is no doubt promising and certainly worth the wait.