Today, the Internet of Things (IoT) is ubiquitous: new Internet of Things devices are on the market every day, and a lot of investment in the Internet of Things leads us to a more connected world.
It is predicted that the next five years will mark changes in business operations and policies, and consumer lifestyles will also undergo tremendous changes. In terms of quantity, by 2023, more than 40 billion IoT devices will be installed by consumers, enterprises and governments worldwide.
Where is the Internet of Things going?
The interconnection of the Internet of Everything is referred to as the Internet of Things for short, which means that physical devices that traditionally do not support the Internet will increasingly be connected together and be able to communicate and interact with others through the Internet. In the future world, everything in the surrounding environment can be communicated without human intervention. And this future may inadvertently appear around the corner.
The next five years will be the transformation of consumers, enterprises and governments. Therefore, when talking about the future of the Internet of Things, we should look at the following three aspects:
Consumer IoT:
It is estimated that by 2023, the number of smart home devices in the United States alone will exceed 1 billion.
Enterprise Internet of Things:
Companies are generally considered to be the most mature part of the Internet of Things. It is expected that global enterprises will continue to invest billions of dollars in the field of connected equipment and automation. By 2023, the annual expenditure on manufacturing IoT solutions will reach 450 billion US dollars. At the same time, the total number of global industrial robot system installations will be close to 6 million.
Government IoT:
The government's interest in the Internet of Things comes from the potential of these devices to drive smart cities. Cameras, smart street lights, and connected electricity meters that provide a real-time overview of traffic, utility usage, crime, and environmental factors are just a few examples of IoT devices of interest to governments. By 2023, the government's annual investment is expected to reach nearly 900 billion US dollars.
What will the Internet of Things bring to the next 5 years?
In order to better understand where we are headed in the long term, it is interesting to observe this year's IoT predictions:
- Global economic growth
The number of devices connected to the Internet is increasing every day. This growth means more data and traffic on the already congested Internet. We will see 5G connectivity more prominent, because it helps the network cope with the increase in equipment.
- Growing influence in the healthcare industry
It is said that by 2020, 87% of medical institutions will adopt IoT technology. When it comes to healthcare organizations and the Internet of Things, the possibilities are endless: smart pills, smart home care, personal healthcare management, electronic health records, management of sensitive data, which will help us achieve a higher degree of patient care.
3. The transformation of manufacturing
The Internet of Things is a key driver of the digital transformation of manufacturing. The next industrial revolution will be led by sensors, RFID tags and smart beacons. According to statistics from market analysts, from 2017 to 2020, the number of connected devices in the manufacturing industry has doubled.
- Increase safety
We all know that IoT devices have security issues, which makes them vulnerable to hacker attacks. One of the main goals in the future is to improve the security of all terminals.
- Smart city expansion
In 2020, we will begin to see smart areas or communities in cities. Smart sensors around the community can record everything selected from walking routes, shared car usage, building occupancy, sewage flow and temperature, all of which help to create a comfortable, convenient, safe and clean place for residents.
- Connected smart car
Within five years, self-driving cars may become the norm, but by 2020, the Internet of Things will gain a greater dominance in the automotive field. We will be able to check tire pressure, oil level, fuel consumption and many other things through our mobile phone.
The Internet of Things is everywhere
With the number of connected devices growing every minute, the profound impact of the Internet of Things on consumers, businesses, and governments is beyond discussion. Now, we start to think, there may be more progress, we just dreamed up to now. Identifying the trend of change and having a vision for its direction is essential to keep up with the situation.
This article is reproduced from snow beast software
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