But first what is the Internet of Things?
The Internet of Things (IoT) is a network of interconnected computing devices, vehicles, mechanical and digital machines, home appliances, and other objects with built-in unique identifiers (sensors, electronics, software) that enable them to receive and exchange data over a network without requiring human interference.
Internet of Things (IoT) is no longer a budding trend in 2020 but a well-established concept that continues to develop. IoT technology is already present in many industries such as manufacturing, education, transportation, finance, and healthcare. The number of connected IoT devices is expected to grow to 75 billion in 2025, and the IoT market will reach the astonishing $1 trillion. In the following article, we will look closer at some of the IoT trends influencing the mobile app development world.
Healthcare & IoT Adoption
We are all witnessing the dramatic change in the healthcare industry due to the COVID situation. Undoubtedly, healthcare is bound to incorporate IoT in its practices with high percentages. The internet of medical things could be expected to grow at a compound annual growth rate of 26.2% and will reach $ 72,000 million by 2021. Devices such as sensors, portable devices, medical equipment, are all configured to connect with IoT. Mobile apps and Virtual assistants monitoring patient health at home via wearables and other IoT devices will be present.
Smart home devices
Smart Home Devices are soaring in popularity already, imagine what the future will be for this market. Moreover, the driver of IoT development adoption is the need to save energy. Intelligent thermostats and smart lighting help conserve energy and reduce bills.
Blockchain to secure IoT
Blockchain is a highly secure and efficient technology when it comes to building apps that contain data on top priority & authority. The segments like banks, fund management, online document verification, and others are now vastly using blockchain. Nowadays blockchain-enabled mobile payment apps are quite popular, as they allow users to make secure payments via wallets, credit cards & other cross border methods.
Cybersecurity will be a top priority
As the number of connected devices is increasing, the necessity for cybersecurity also becomes in demand. Most of the time, the IoT collects sensitive data – like your private talk and activities. Keeping these data secure benefits consumer’s trust.
Edge computing overtakes Cloud computing
Initially, IoT devices have been based on the cloud to store their data. However, with time IoT developers and manufacturers realized the importance of storing, calculating, and analyzing data to the limit. That involved transferring data from IoT devices to the nearby location (edge network) rather than storing all data to the cloud. This approach helps to better manage the large amount of data that each device sends. Edge computing is on the rise, and with no wonder, industries are turning to this trending technology.
IoT, big data, and AI working together
IoT is already one of the key sources enabling AI decisions to be carried out. With billions of consumers and industrial devices connected to IoT, the amount of data that needs to be processed and analyzed is enormous. IoT, big data, and AI will be a good combo for the near future.
Energy and Resource Management
Energy management depends largely upon a better understanding of consumption. Products monitoring household energy consumption are beginning to spread. Resource management can also benefit from all of these IoT technology trends, which will make the lives of people easier and more comfortable. Furthermore, notifications can also send when the power threshold is exceeded. Various other features such as sprinkler control, indoor temperature management are also becoming the norm.
All in all, the enlisted trends will dominate the IoT app development world in the year 2020. Both the consumer IoT and the industrial one will see great advances! Amid all these trends and predictions, the future is promising and certainly worth the wait.