The IoT market has changed in many ways throughout the years, and since it’s a growing industry, there’s an estimated 32.6% CAGR increase in the next five years.
As an industry predicted to spend trillions in solutions, IoT’s trends need to be carefully observed and examined in order for implications and applications to be future-proofed.
How do you go about doing this? By simply analyzing how IoT is being used, as well as identifying which sectors are showing potential growth. Right now, a lot of focus is given to consumer applications such as Amazon’s dash buttons and smart home appliances. However, there are many opportunities in remote IoT. This covers industries like industrial, transportation, healthcare, etc.
One challenge that needs to be dealt with is how connectivity is approached right now. As more IoT and M2M devices would be deployed in rural areas and places with limited connectivity, applications and machines would need an improved infrastructure in order to carry out their purpose in areas with little connectivity.
Additionally, the increase of transportation and emergency-related applications would require not only ways to deals with low connectivity but also call for a system that can access multiple networks depending on availability and location.
Another challenge is how current devices will handle the developments in IoT and M2M technologies in the next five years. The 2G sunset is just one-way communication companies are affecting the industry.
Don’t fret, though, as there are several ways to resolve this and many opportunities left to explore to get ready for IoT’s evolution in the coming years.
Want to learn more about the possibilities remote IoT connectivity presents and how you can prepare for them? Check out the following infographic from Communications Solutions Company, Podsystem, and start future-proofing your IoT and M2M applications.