The Internet of Things (IoT) market has been growing at an explosive rate in the past decade and will be valued at over $561.0 billion by 2022. IoT’s growth in the past few years can be attributed to several factors, including its convergence with mobile, cloud, Big Data, and other technologies to create even more opportunities.
Organizations that have already embraced IoT have seen it boost productivity and improve efficiency. But what lies ahead for IoT as we move into 2022? How can companies prepare to reap maximum value from their investment in IoT technology? To understand what trends lie ahead, let’s take a look at 10 key areas that represent major drivers in IoT’s growth.
The Top 10 IoT Trends in 2022
Internet-connected devices
The number of internet-connected devices is projected to reach almost 55.7 billion by 2025. International Data Corporation (IDC) expects a compound annual growth rate (CAGR) of 23.2% from 2020 through 2025. Additionally, Cisco forecasts 30 billion connected devices by 2023. Why such rapid adoption? Businesses recognize they can increase efficiency while reducing costs—and consumers have embraced technology that makes their lives easier.
On average, consumers are interacting with a device every few minutes—and sometimes multiple times per minute—to keep up with a fast-paced world where everything happens in real time. With so many interactions happening at such high speeds, traditional architectures can’t cope and edge computing systems have stepped in to fill in where needed.
Continue reading: https://www.enterprisenetworkingplanet.com/management/trends-future-iot/
Organizations that have already embraced IoT have seen it boost productivity and improve efficiency. But what lies ahead for IoT as we move into 2022? How can companies prepare to reap maximum value from their investment in IoT technology? To understand what trends lie ahead, let’s take a look at 10 key areas that represent major drivers in IoT’s growth.
The Top 10 IoT Trends in 2022
Internet-connected devices
The number of internet-connected devices is projected to reach almost 55.7 billion by 2025. International Data Corporation (IDC) expects a compound annual growth rate (CAGR) of 23.2% from 2020 through 2025. Additionally, Cisco forecasts 30 billion connected devices by 2023. Why such rapid adoption? Businesses recognize they can increase efficiency while reducing costs—and consumers have embraced technology that makes their lives easier.
On average, consumers are interacting with a device every few minutes—and sometimes multiple times per minute—to keep up with a fast-paced world where everything happens in real time. With so many interactions happening at such high speeds, traditional architectures can’t cope and edge computing systems have stepped in to fill in where needed.
Continue reading: https://www.enterprisenetworkingplanet.com/management/trends-future-iot/
