IoT or internet of thing these days we quite often listen to this word. The words such as the cyber-attack, hacking we can hear these too jointly with IoT. Despite, of the fear of piracy and cyberattack the internet of things and IoT applications will grow much more faster in the coming years. Ultimately we can say the IoT future scope or the future of IoT is very bright. There will a lot of IoT devices which will be coming shortly.

As we all know, a connection precipitates another connection. Earlier in the 19th century, only 4% of the people present worldwide knew about the Internet, that is when the Internet of Things concept came to light. But, realize it became like no one in the earth doesn’t know about the Internet of Things. Experts predicts that Indian IoT market will grow from $1.5 billion today to more than $9 billion by 2020 with over 2.7 billion connected devices and growing. Another Gartner report predicts, by ‘2020 the number of connected devices across all technologies will reach to about 20.6 billion’.

The real world IoT-Cloud platform application:

• Smart Home Automation: How would you feel if you could switch off lights after you left home/office or switch the AC on before reaching home? With IoT taking shape there is introduction of a world where all the smart devices can be in constant connection with each other and are monitored by users remotely via voice commands or by a simple click. With the rapid growth of IoT it is predicted Smart Homes will be as common as smart phones. It has also been predicted by Gil Press that more than two thirds of consumers plan to buy connected technology for their homes by 2019.

• Smart Wearable Technology: A detailed report by TechRepublic says in 2016, wearables were sold at a rate of 38 million and a large portion of them were fitness trackers and smart watches. These two classifications will make up a joint income of $4.9 billion. Wearable devices are installed with sensors and softwares which collect data and information about the users. This data is later pre-processed to extract essential insights about the user. The pre-requisite from Iot Technology for wearable applications is to be highly energy efficient, low power and small sized. The productivity of data processing achieved by various smart wrist wear, hearable, and smart glasses is getting closer to where wearables will bring exceptional value to our lives.

• Connected Vehicles: Gartner predicts that about 250,000,000 connected cars will be out on the roads by 2020. So, what really are connected cars? IoT engineers have come up with an industry solution for connected automobiles that gathers, analyzes, stores and takes action on vehicle sensor data. A connected vehicle is one which is able to improve and analyze its own operation, maintenance as well as comfort of passengers using onboard sensors and internet connectivity. IoT for automobiles is a vehicle-to-cloud offering that enables awareness of the environment even beyond the vehicles and helps use information to establish a relationship with the driver as well.

• Industrial Internet: The IIoT (Industrial IoT) enables industrial engineering with sensors, software and big data analytics to build intelligent equipment. Smart machines are precise and consistent than humans in communicating data. And this analytics on the generated data can help companies pick inabilities and problems fast. In the meanwhile, did you know that about 5.4 million IoT devices will be used on oil extraction sites by 2020 to provide environmental metrics about extraction sites?

• Smart Cities: IoT has the potential of solving major problems faced by the people living in cities like pollution, traffic congestion and shortage of energy supplies etc. IoT will empower cities to leverage their network to offer advanced smart city applications for citizens, new eco-sustainability initiatives and create first-hand opportunities for enterprise development.

• IoT in Agriculture: To help increase farm performance, IoT technology providers continue to develop IoT cloud based platforms that can sense, process and communicate precisely measured environmental data. Farms are becoming more connected as farmers realize the potential of IoT in helping them reduce cost while achieving improved results.

• Smart Retail: IoT Smart Retail enables stores to revolutionize customer service while saving time and money, while simultaneously providing the consumer with a seamless shopping experience. By installing this system, retailers are also able to recapture investment dollars while surpassing expectations for tech-savvy consumers. Some of the components included in Smart Retail are Power shelf, Beacons and Digital Price Tags.

• IoT for Healthcare: Research says IoT in healthcare will be enormous in coming years. It aims at enabling people to live healthier life by wearing connected devices. For example, through IoT, doctors can use GPS services and be prepared for treating patients being brought to the hospital in emergency cases.

• IoT in Telecom Industry: Global telecom operators now use IoT enabled digital platforms that are a combination of connectivity, analysis, security, mobile and cloud to support businesses. This is helping them reduce operating costs while enabling end-users to consume technology in a business focused manner saving time and money.

How many IoT devices will there be in 2025?

We can say one thing for sure the number of IoT or the Internet of Things devices will outnumber the total population of the earth. While we can even say that the Internet of Things or future of IoT is something which is increasing tremendously in an unexpected way.

In the below graphical representation , we can see the increased used of the Internet of Things or IoT connected devices from 2015 to 2025.

According to the graph, we can say the usage of IoT devices will be 30 billion and above. This is four times more than the total population, which is just 7.7 Billion.

All the companies whose original works are related to IoT, cloud computing. Companies like Microsoft Azure, Amazon AWS. All these companies saw a tremendous increase in their sales and the revenue generation and exceeded all the targets set by them. So, we can see significant progress in the IoT security devices. As the purchase and sales of the Internet of things connected devices will increase and touch the peak instead of getting down. On the same side, the revenue of the companies is going to feel the skies.

Conclusion

While we come to an end, the IoT or the Internet of Things has made the lives of the human being straightforward and comfortable. It has made the lives of the people very convenient. Whereas on the other hand with the increased use of the Internet of Things the treat for security and safety has also increase. So we should be careful while providing the details on the Internet platform. Hence, this was a brief overview of future of IoT, offers to the employee in the future and what makes it an amazing technology. Furthermore, if you have any query regarding IoT or any other Technology feel free to ask in the comment section. For more information, do visit- https://oyesters.in/