In the past few years, the Internet of Things has boomed. According to industry research, 35 billion IoT devices will be installed worldwide by 2021 and 75.44 billion by 2025. Essentially, as a technology-driven network of connected devices, IoT has the potential to better enable data*** sharing within systems. Its ability to allow machines and devices to interact will have a positive impact on a wide range of industry sectors.
From the data-intensive experience of using an IoT device to basic health and safety needs, there are few trends that can surpass it, thus intensifying its importance.
1. Connected Device Makers to Invest in Healthcare
Telemedicine demand is still expected to continue to grow. According to industry experts, the technology will grow to $185.6 billion by 2026 due to growing consumer interest in digital medical devices due to convenience and more affordable prices.
2. IoT to Popularize in Manufacturing
Manufacturing and other environments that use expensive machines are already experiencing the benefits of remote monitoring. With the help of IoT-driven technology, manufacturers and pharmaceutical companies are able to connect industrial assets to remote operations this year to ensure business as usual during a pandemic. According to industry reports, these benefits and positive impacts are expected to lead to significant investments in IoT by 2021. Infrastructure industry experts, especially field service companies and industrial equipment firms, will increasingly use this technology so that connected machines continue to gain momentum in 2021.
3. The Internet of Behavior (IoB) is expected to grow
The Internet of Behavior (IoB) captures "digital information" about people's lives from a variety of sources, which can be used by public*** or private entities to influence behavior.
Some useful technology tools here include location tracking, big data and facial recognition. This trend highlights the importance of placing the customer at the center of every organization's strategy to ensure long-term success.
4. Smart Building Technology Will Drive Employee Experience Transformation
According to the 2021 industry report, smart building technology will focus on IoT applications to enable smart office initiatives. These initiatives will include smart lighting, energy and environmental monitoring, and sensor-based space utilization and activity monitoring.