The Internet of Things (IoT) is a fast-developing ecosystem of linked gadgets that drives innovation in all parts of our lives. Everything from self-driving vehicles to automated manufacturing robots relies on this integrated internet of things to function. As per Fortune Business Insights, the Internet of Things market will increase from $381 billion in 2021 to more than $1.8 trillion by 2028. As technology progresses, the exponential growth of this sector will cause huge changes in a wide range of industries. To keep ahead of the curve, here are the top 6 IoT trends that will emerge in 2022.
The potential of intelligent connected devices to enable and develop applications such as monitoring systems, territory management, and energy efficiency is well established within the IoT community. However, the financial potential of those applications has been limited and has thus far been ignored by the majority of large IoT firms. With the increased emphasis on developing a green economy and reducing climate change, IoT technology has the power to create green solutions for businesses, cities, and communities. These applications, which include lowering energy costs, enabling remote installations, monitoring failure sites, and many others, will soon move from the margins to the forefront of IoT growth. One of the primary goals of the IoT community should be to emphasize the incorporation of IoT into any feasible model of a sustainable worldwide economy.
Currently, the number of internet-connected devices outnumbers the number of people on the earth. This figure is expected to skyrocket in the coming year. A current example is the recent COVID-19 pandemic, which restricted us all to our homes for an extended period of time. Companies and organizations invested extensively in enhancing their communications network as remote education and remote work had become the standard. This resulted in an increase in the number of devices linked to the internet.
Given the enormous amount of web-enabled devices that populate today's internet, security becomes a serious problem. Because the increase in the number of IoT devices is unplanned, many of these devices' owners are unaware of basic security standards. Furthermore, maintaining track of the security of so many devices at the same time is a massive burden for security agencies. Aside from security flaws, increased cyber-attack risks are a big worry for IoT devices. According to Kaspersky, a renowned cybersecurity organization, more than 1.5 billion assaults against IoT devices were launched in the second half of 2021.
Companies are already beginning to address the issue of insufficient security in IoT devices, citing these security issues. Many businesses are releasing security updates on time, developing more secure and resilient software ecosystems, and implementing procedures that will keep their devices safe while connected. This trend of improving cybersecurity is expected to gain traction in 2022.
#3. Wearable Technology
As technology's capabilities increase to permeate practically every area of our daily lives, we would see more wearable technology with IoT connectivity. From smartwatches to VR headsets, a plethora of firms are already capitalizing on the wearable tech craze. Fitness and lifestyle organizations, for example, have incorporated these gadgets by leveraging integrated health monitoring solutions. These innovations will also aid the healthcare business by allowing it to collect and monitor patient medical information in real-time.
#4. 5G Expansion
Successful IoT solutions necessitate hyperconnectivity and low latency, both of which 5G technology delivers. As cell providers and other organizations continue to extend 5G availability, businesses will be able to offer services that would have been unprofitable and logistically challenging to develop before. Looking ahead to 2022, faster data transfers, better coverage, and energy efficiency of 5G networks will serve as the key driver for IoT growth and innovation, propelling future developments in the area. Furthermore, 5G, like IoT devices, will bring with it additional security problems.
#5. Industry and Business
The use of IoT technology in business, often known as the industrial internet, has far-reaching ramifications for every element of the industry, from production to customer service. In an increasingly automated environment, the widespread use and lower costs of IoT technologies enable smaller firms to modernize their infrastructure, increase productivity, and streamline operations. Manufacturers can use robotics to automate repetitive procedures or machines outfitted with IoT sensors to assess performance and anticipate the best periods for equipment maintenance. Industrial IoT technology's computational modeling can also be used in a range of applications. Companies, for example, can use consumer data to customize shopping experiences, handle complaints, and improve the capabilities of CRM systems.
#6. Healthcare Sector
Even before the epidemic, the healthcare industry was an early adoption of IoT technologies. However, it was during the epidemic that the sector's readiness to adopt new technologies was regularly highlighted. In 2021, it would not be incorrect to say that the healthcare sector was at the vanguard of IoT adoption. From cameras to preserve social distance to the development of cutting-edge medical equipment, the healthcare industry has embraced IoT to collect massive amounts of relevant data and use it for the betterment of all of us.
Even supplementary health technologies, such as smart wearables, blood oxygen monitors, and so on, contributed significantly to enhancing the lifestyles of both the healthy and the affected.
And, given the extent to which IoT has aided in the improvement of healthcare, this trend is likely to continue in 2022.
The Internet of Things (IoT) has been a key driver behind many technical developments around the world. It has aided businesses and organizations in improving their services, providing better customer experiences, and paving the way for previously inconceivable technical developments.
As the number of IoT devices increases, better and more resourceful ways to use them will emerge. The trends discussed here reveal a great deal about the wonderful things that IoT has in store for us. So don't forget to keep an eye on the IoT trends described here as well as the ones that will emerge in the coming months!!