The Internet is vast and yet still expanding. One of the most profiting expansions that it is making is in the Internet of Things (IoT); an approximately $200 billion industry worldwide. According to Statista, this figure is expected to get to $520 billion in the next couple of years. Today we are here to familiarize you with some of the top IoT trends in 2019 that will be responsible for the rise of this entity.
The year 2019 is going to be a huge one for IoT based innovations and numerous industries like healthcare, smart cities, automotive, home and office automation, usage-based insurance and asset management will benefit from these IoT trends of 2019. So a significant chunk of IoT application development will be revolutionized and upgraded for good.
IoT Trends to Watch for in 2019
IoT has come a long way since its inception, and the below mentioned IoT trends of 2019 are clear proof to that. So without wasting any further time; I present the top IoT trends in IoT:
Fragmentation in IoT
Just as we witnessed with Android OS, as the OS grew, it became more fragmented, and a significant number of versions are active in the market. Hence, the Android developers have to take care of all the fragments of OS version while making even the slightest of an upgrade to an app. IoT devices and software face the same situation. The fragmentation will create some hurdles for many companies, as they deal with compatibility issues throughout their industries.
Fragmentation is a widespread issue for any software-based innovation that is used worldwide by millions or billions of people. The only accurate solution for this is to introduce effective standards and certifications for IoT hardware and software development. Qualcomm is trying to lead the standardization race and solve the fragmentation problem as soon as possible and 2019 may very well be the first step towards this standardization.
Edge Computing in IoT
With the massive amount of digital data generated and processing from smart devices, businesses need technologies and algorithms that can quickly process these data and make sense of the data. With edge computing, the smart devices will become a lot powerful in enabling local data processing and also advanced AI capabilities. This year, the data transfer volume will reduce making cloud dependency more agile and flexible.
Edge computing is a fantastic upgrade to all those industries where data is to be handled instantaneously or where cloud connectivity is restricted in real-time like manufacturing, security, shipping, and logistics.
Hyper Personalization in IoT
As mentioned earlier, there is a huge amount of data generated by smart devices. More data means more precise knowledge of consumer’s intent, needs, behaviors, desires, and current location. Data is the currency of technology so making sense and use of maximum collected data will give companies to personalize services for their users.
This high level of personalization opens up the possibility of delivering highly relevant and contextual services as well as marketing content at the most optimum time and place. Without predictive analysis, the whole process becomes manual and extremely time-consuming whereas, with this trend integrated with IoT, personalization will reach almost its peak.
Rise of 5G in IoT
5G is probably the most anticipated network upgrade of 2019; it is apparent that it has something in store for the IoT sector also. 5G will support an increased number of device interconnectivity that will move the IoT innovations further into the future. The VoLTE technology is for calls over an LTE network, while Cat-M1 technology is to connect M2M machines over an LTE network.
Cellular and wireless chip providers need time to implement Cat-M1 into modules that could be used for IoT applications; this will be done probably by the end of 2019. 5G will allow gathering, managing and analyzing data in almost real-time. 5G will expand the IoT sector into areas where bandwidth speed is a crucial aspect of working.
Digital twin technology is a virtual copy of the real-world product, asset, processes, or systems. This technology is also known as a hybrid twin or virtual prototyping. It’s used as a simulation tool that works together with AI, machine learning, and IoT. This digital technology trend creates a connection between the physical and digital world.
The IoT connected objects are replicated digitally for simulations, testing, modeling and monitoring based on the data collected by IoT sensors. The analysis of digital twin data helps businesses make decisions which positively affect their performance indicators. The digital twin technology is set to improve how industries work by streamlining digital data operations.
We know what you are thinking, Blockchain is a decentralized digital ledger for various records, especially cryptocurrencies; how will this be a trend in IoT. Well, Blockchain is not controlled by a single party and has no single point of failure. So, if we integrate it with IoT with blockchain, it will help streamline businesses by connecting them directly to customers (B2C) or other businesses (B2B) through smart contracts, thereby saving costs that could have been pocketed by middlemen.
The Digital race of IoT sector is in its final lap and businesses are making a run for the ribbon. If you want to catch up to the industry giants, then these top IoT trends in 2019 will be of great help. Maciej Kranz once said, “Lone wolves won’t succeed with IoT. This is a team sport”. You need to integrate these top IoT trends of 2019 into your IoT device or service, and for that, you need a team of experienced IoT developers that know IoT mobile app development in and out.