DZone
IoT Zone
Thanks for visiting DZone today,
Edit Profile
  • Manage Email Subscriptions
  • How to Post to DZone
  • Article Submission Guidelines
Sign Out View Profile
  • Post an Article
  • Manage My Drafts
Over 2 million developers have joined DZone.
Log In / Join
  • Refcardz
  • Trend Reports
  • Webinars
  • Zones
  • |
    • Agile
    • AI
    • Big Data
    • Cloud
    • Database
    • DevOps
    • Integration
    • IoT
    • Java
    • Microservices
    • Open Source
    • Performance
    • Security
    • Web Dev
DZone > IoT Zone > The Trends and Challenges Facing IoT

The Trends and Challenges Facing IoT

The number of connected devices is skyrocketing, and new solutions are being introduced to process and visualize data every day. But it's not all sunshine and roses.

Justin Baker user avatar by
Justin Baker
·
Apr. 17, 17 · IoT Zone · Analysis
Like (4)
Save
Tweet
10.25K Views

Join the DZone community and get the full member experience.

Join For Free

The proliferation and ‘smartening’ of IoT-driven devices is projected to reach a market cap exceeding $195 billion in 2023, according to analysts at ReportsnReports. From a market of $16 billion in 2016, this growth is mainly fueled by the increasingly ubiquitous manufacturing of smarter in-home, mobile, and transportation devices — and the need to capture that data and enhance communication infrastructure. According to Gartner, over 6.4 billion IoT devices were ‘connected’ in 2016 – with this number set to exponentially grow over the next decade.

Image title

NCTA

Sensors

The smarter devices become, the more data they need to make complex decisions. Sensors and external data gathering implements are becoming an essential catalyst for IoT industry growth.  The accuracy of sensors and actuators that measure geospatial proximity, acceleration, temperature, and motion will separate the industry leaders from the laggards.

IoT Sensor Diagram and Infographic

Postscapes

Taking a deeper dive into the actual core components, like semiconductors, Gartner forecasts a $45 billion IoT-driven semiconductor market by 2020, with consumer IoT taking the lion’s share and the automotive industry (including self-driving vehicles) taking second.

Gartner IoT

Data and Business Intelligence

The goal of a truly interconnected tech ecosystem will also mirror equal growth in data and business intelligence. The more things are interconnected, the more companies will need to gather data, push remote updates, and control devices in the field. Hence, remote communication needs to be reliable, data needs to be accurate, and the ability to extract meaningful information from big data becomes paramount.

IoT Ecosystem

Business Insider

Unknowns

A successful and stable IoT ecosystem is predicated upon an infrastructure that can support it. It remains to be seen whether vast investments in communications infrastructure will be able to support the growth in IoT. With concerns around cybersecurity, it also remains to be seen how the industry will deal with both privacy and security. According to David Sandel, the founder of smart cities consultancy iNeighborhoods, “Security will become more important as the sheer number of devices increases. Some IoT applications might also contain confidential, real-time patient information or will require a higher quality of service, such as deploying metropolitan wide area networks.” Hence, with the increased reliability on IoT-driven data comes a new wave of privacy concerns and a newfound reliance on stable communications infrastructure.

The one for sure thing is that IoT will continue to play a bigger role in our daily lives and the economy at large. It is not a question of if the industry will continue to grow, but at what velocity.

IoT Big data Facing (retail) trends

Opinions expressed by DZone contributors are their own.

Popular on DZone

  • Writing Beautiful, Optimized, and Better .NET Code With NDepend Static Analysis
  • How to Make Git Forget a Tracked File Now in .gitignore
  • Creating an Event-Driven Architecture in a Microservices Setting
  • How Java Apps Litter Beyond the Heap

Comments

IoT Partner Resources

X

ABOUT US

  • About DZone
  • Send feedback
  • Careers
  • Sitemap

ADVERTISE

  • Advertise with DZone

CONTRIBUTE ON DZONE

  • Article Submission Guidelines
  • MVB Program
  • Become a Contributor
  • Visit the Writers' Zone

LEGAL

  • Terms of Service
  • Privacy Policy

CONTACT US

  • 600 Park Offices Drive
  • Suite 300
  • Durham, NC 27709
  • support@dzone.com
  • +1 (919) 678-0300

Let's be friends:

DZone.com is powered by 

AnswerHub logo