Not many experts can accurately predict where IoT is headed in the next five years, however, we have a sneak peek into 2025 that might interest you!
What is the Internet of Things?
The Internet of Things describes the connection of physical objects using sensors, software, and advanced technologies. From establishing the links, to exchange data from one device to another over the internet. It is in the driver’s seat due to the convergence of multiple technologies, real-time data analytics, ML, AI, wireless sensor networks, and embedded systems.
The traditional process perished, and automation is the new future: to reduce complexity and get more accurate results. In the consumer market, IoT technology is the most common in the products and services looking into the concept of making a ‘smart home.’
With Google voice assistant, Amazon Alexa: we all are a voice call away to get our search queries answered, giving a call, setting up an alarm, keeping a reminder, listening to the news, or playing your favorite songs or movies. IoT embedded devices do it all through smart sensors.
IoT In The Next Five Years? How Will It Go?
For IoT, the future looks so bright, and so the interconnectivity of the devices embedded with sensors. For exchanging information from one to another. The IoT is booming, expected to cross over 76 billion devices by the end of the year 2025.
That will open many new doors and opportunities to scale different industries to create smart devices: such as fitness trackers, AI cameras, apps that unlock your doors. And we all are wondering, what’s the next in the line? And according to a recent survey, there would be more than $7 trillion in investments in the next five years. Isn’t that a massive sum to get invested when looking into 2025?
Why Is IoT On a Leap, And What Are Some of The Reasons For It?
The concept of IoT is not the newest thing in the market; it has been around for a long time. Data scientists, ML, and AI engineers are repurposing its concepts in various ways for developing effective products embedded with smart sensors. IoT is the futuristic concept of connecting multiple devices through smart sensors using the Internet of Things access.
When we say smart devices, they are not limited to mobile devices only. The list includes TVs, tablets, laptops, and even wearable devices, along with communication and home devices. All these devices have already existed for some decades. But what IoT is doing is adding smart sensors and repurposing them to give a better lifestyle.
Where IoT is Headed in the Next Five Years: A Sneak Peek Into 2025
Here is a sneak peek at five years from now how IoT will change the world. And our way of living and thinking. The earlier we embrace this innovative technology, the better we will reap the benefits that the Internet of Things offers.
1. More and More Homes Will Repurpose to Smart Homes, Following Smart Cities
The connection between smart homes and smart cities involves the numerous application of intelligent technologies and sensors in diverse sectors. With IoT in mind and devices, houses are getting smarter, where lights, sound, devices, and locks get controlled through advanced sensors. Amazon Alexa and Google Voice Assistant are the best examples of it.
Home automation is no less than a blessing when you have a tiring day at your office or old age parents or kids at your home. It makes their life easy living through voice and actions. The best part about these devices tailored according to the needs and requirements of individuals. Just ask your queries, and you’re seconds away to get the best answers. And when numerous homes turn smart, finally the city turns smart.
2. By 2025, there will be more than 76 billion IoT devices on People’s Hands.
According to the recent survey, Statistics says, the time series analysis says that there would be more than 75 billion IoT connected devices in use. That would be threefold times the number of devices in 2019. And these devices include smartwatches, mobile devices, tablets, smart TV, Google Home Assistant, Amazon Alexa, etc.
These IoT devices use smart sensors and processors to collect, analyze, exchange information, and create actions accordingly. And the biggest surprise is the data volume will reach up to a massive 79.5 zettabytes of data by 2025.
3. IoT Will Make AI to Continue to Be The Next Thing in The Market
IoT and AI are the technologies for tomorrow, for building a global relationship connected with smart devices to facilitate our lifestyle, economics, and businesses. Every day a massive amount of data gets generated through intelligent sensors, from customers’ POV to the business landscape. IoT & AI allow us to work more efficiently and enhance profitability.
Many of the CFOs believe they are a little late to adopt IoT, and they could have done it even before, as IOT with AI is game-changing. In the coming years, we can see the uses of AI and IoT in different verticals ranging from manufacturing, IT, BFSI, transport and logistics, e-commerce, etc.
4. Data Security and Privacy Concerns Will Be The Major Issues With IoT
Although there will be more devices adding on up to 75 billion by 2025: technologies, sensors, and processors will get smarter, and there is a downside too. Data Security and privacy concerns will be a prime issue, and hackers will find ways to steal your data and invade the accounts for their benefit. There will be massive amounts of data and fake accounts to confuse people and breach data privacy and security preeminent to a decrease in confidence of end-users that will be tougher to match.
5. 5G Networks Will Fuel Up IoT Growth & Make People Smarter With IoT Connected Devices
To 5G and IoT of smart sensors and technologies, we are a generation less to go wireless completely. And there would be seamless connectivity and exchange of information from one system to another with the powerful combination of remarkable speed, low latency, and billions of advanced devices.
Transforming life and saving from chronic diseases like diabetes, cancers, and others can get pre-identified and self-driven vehicles. AI-enabled robots will reduce human efforts to increase productivity and profits. Welcome to the new era, a new way of living life, and IoT technologies.
The Internet of Things is on the rise and a new face in the list of trending technologies of the 21st century. The applications of IoT are enormous, from wearables to healthcare, traffic control. Fleet management, agriculture, energy-saving, etc. IoT based applications are mobile based, plug and play type sensors. Built with cloud platforms and allowing collaborative works, IoT based devices are the most favorite for automation and seamless data transmission among the devices.