The network of physical things that are fixed with software, sensors and different technologies for the purpose of swapping and connecting data with other systems and devices over the internet is known as the Internet of Things (IoT). These devices extend from everyday household objects to modern industrial tools.
The digitalization of things has been drastically increased from the past few years and it has been made possible only because of cheap reasources that are being made available to everyone, so that each and every person can access these trends.
But we can not talk about digitalization without IoT. It’s like a boon to the technology and in the today’s era no business can even grow without the implementation of IoT. Whether it’s a Startup or Big Multinational company, everyone is required IoT to outperform from its competitors.
So, now let’s have a look at the top IoT Trends in 2021.
Top IoT Trends in 2021
- Smart Cities
- IoT Powered with 5G Technology
- Traffic Management
- IoT Empowered AI Applications
- Digital Twins
- Voice Activated IoT Devices
- IoT Security
- Edge Computing
One of the latest Internet of Things (IoT) trends is increased adoption of blockchain technology. Blockchain can help in ensuring data security in IoT devices. Blockchain enables thriving interaction between various network nodes and assures safe record keeping and that is the reason Blockchain is a great fit for IoT applications as they are also distributed by nature.
While talking about the emerging technologies in the internet of things (IoT), smart cities always take a leap ahead. Several governmental institutions in the past five years have begun IoT technology projects that will reshape whole cities.
The government will be capable of implementing different intelligent solutions using enormous amounts of data for varied issues like citizen safety, energy utilisation, traffic congestion, sustainable development and more.
IoT Powered with 5G Technology
5G technology is not only a new age of wireless technology, but it is also a foundation to deliver the full potential of IoT, therefore transforming technological growth.
No doubt 5G technology is one of the most significant internet of things (IoT) emerging technologies in the year 2021 because strong connectivity will result in more trustworthy performing IoT devices.
Lower latency, network slicing, real time data processing, extensive coverage and real time data processing are some things that 5G will bring to the table.
Modern internet of things (IoT) trends suggest that IoT technology is relevant to address challenges like traffic and blockage issues globally. Many organizations these days are giving arrangements and solutions that utilize IoT installed technology in traffic systems and vehicles to sketch more smart traffic networks, presumed to reduce unnecessary traffic and congestion.
IoT Empowered AI Applications
The internet of things (IoT) and artificial intelligence (AI), these two quite different technologies, can together present commercial solutions. In order to deliver reliable results, AI algorithms presently need very limited data.
Industries using these two technologies can help automate several processes and reduce operating costs, reduce downtime, increase productivity and facilitate predictive maintenance.
Recognized in 2020, a digital twin is a virtual representation that serves as the real-time digital equivalent of a physical object or process. It can be exercised for varied things such as diagnosing, optimizing, monitoring and controlling asset utilization and performance. The projected combined annual growth rate of the digital twins market will be several folds by 2025.
Voice Activated IoT Devices
Artificial Intelligence–powered virtual assistant – Google Assistant, virtual assistant AI technology developed by Amazon – Amazon Echo and virtual assistant by Apple – Siri, have taken voice-based user interfaces to another level.
With the developing technologies, voice interactions will be used in other applications in multiple industries in the forthcoming new age that will allow people to give commands, change settings and receive results from the smart devices.
One of the earliest adopters of voice and speech recognition technology have been banks and FinTech startups.
Voice biometry is another exciting development in voice recognition technology. Voice biometry lets organizations build a digital profile of someone’s voice, after analyzing a set of specific characteristics such as pitch, intensity, tone, dominant frequencies, dynamics etc. Businesses are confident that this method will be more reliable than the methods that are presently in place.
Security is one of the major concerns these days when it comes to an extensive level of connectivity that we are involved in. The increased intervention of technology in the lives of people has highlighted the continued threat to unsecured connected devices/things.
As a consequence, security is an evolving IoT trend and several businesses around the world are developing IoT security solutions using diverse technologies.
Due to distant work and COVID-19 pandemic, Edge Computing is presumed to rise dramatically by the end of the year 2021. This innovation helps new kinds of business to emerge in the competitive world.
According to a report, end-of-life marketers may keep a sizable proposal in the public cloud market prompted by the way that notable retailers, like, Dell, IBM and HPE are creating solutions for edges with cloud-like features. In a burgeoning workforce, edge computing grants organizations to assist clients in new areas and back control and flexibility.
Intersesting IoT Stats in 2021
- The number of cellular IoT connections is expected to reach 3.5 billion in 2023.
- Smart factories in North America are expected to be worth more than $500 billion in 2022.
- Forbes estimates 646 million IoT devices were used in hospitals, clinics, and medical offices in 2020.
- 646 million IoT devices were used in hospitals, clinics, and medical offices in 2020.
- Annual spending on IoT security measures will increase to $631 million in 2021.
- Cyberattacks on IoT devices skyrocketed in 2018 and surpassed 300% in 2019.
- As of 2018, nine in ten senior executives from tech-related industries say IoT has become critical to some or all lines of their business.
- Samsung is the top patent holder in the IoT industry with 820 patents to its name.
- In 2025, as many as 152,200 IoT devices will be connecting to the internet every minute.
As the Internet of Things (IoT) solutions are growing worldwide, the future trends of IoT will definitely play a vital role in the near future. Significant technologies like 5G, blockchain, AI, cloud computing, and others, are going to perform a very significant role in the improvement of global connectivity and the internet of things.