IoT trends for business to watch in 2022
IoT, says the company, may be one of the most important technologies out there right now, being responsible for the success of many other technologies like machine learning. As the market landscape evolves over the next several years, it’s critical for businesses to monitor how things are changing.
“Some of the most successful businesses are the ones who think creatively about evolving technologies,” says Oleksii Tsymbal, Chief Innovation Officer at MobiDev. “Coming up with ideas for innovative ways to use and combine these technologies together isn’t possible without keeping an eye on these trends. Let’s talk about the future of IoT technology and IoT trends that are shaping markets around the world in 2022.”
The IoT trends for businesses to watch in 2022, says the company, include the following:
Trend 1. ALoT – Since artificial intelligence technologies are heavily data driven, IoT sensors are an immense asset to the machine learning data pipeline. Research and Markets reports that AI in IoT technology will reach a value of $14,799 million by 2026.
Trend 2. IoT Connectivity – Recently, more infrastructure has been developed for newer connectivity types that make IoT solutions more feasible. These are connectivity technologies like 5G, Wi-Fi 6, LPWAN, and satellites.
Trend 3. Edge Computing – Edge networks process information closer to the user and lighten the load of the entire network for all users. Edge computing reduces latency of IoT technology, and also has potential to increase the security of data processing.
Trend 4. Wearable IoT – Smart watches, earbuds, and extended reality (AR/VR) headsets are important wearable IoT devices that are making waves in 2022 and will only continue to evolve. The technology has immense potential to aid in medical roles due to its ability to keep track of patient vitals.
Trend 5 and Trend 6. Smart Homes & Smart Cities – According to Mordor Intelligence, the smart home market will have a CAGR of 25% between now and 2025, allowing the industry to reach a size of $246 billion. An example of Smart City technology is Smart streetlights.
Trend 7. IoT in Healthcare – Use-cases for IoT technology in this sector vary. For example, WebRTC unified with IoT networks can provide more efficient telemedicine in certain areas.
Trend 8. Connected Networks Aid Manufacturers – One of the most important results of the expansion of IoT sensors in manufacturing is that these networks are powering advanced artificial intelligence applications. AI can’t provide solutions like predictive maintenance, defect detection, digital twins, and generative design without critical data provided by sensors.
For more detailed information about IoT Technology Trends for Business in 2022 see “Future of IoT Technology: 8 Trends for Businesses to Watch in 2022.”