TECHNOLOGY

The IoT Market Will Exceed 1000 Billion Within Three Years

According to GlobalData’s latest report on connected objects, the wave of digital transformation generated by the Covid crisis will fully benefit IoT in the months and years to come.

According to these data, the global market linked to the Internet of Things should represent some 1077 billion dollars by 2024 against 622 billion in 2020.

A market essentially dominated by companies’ needs, representing 73% of the total turnover expected in 2024…

IoT: The pandemic has accelerated the development of uses

According to the authors of this report, the current COVID-19 pandemic has highlighted the crucial role that IoT has come to play in our lives.

Several IoT use cases have seen increasing adoption during the pandemic, including the use of connected thermal cameras to detect potential COVID-19 infections and sensors to monitor office occupancy levels.

The demand for technologies that can help the workforce return to work safely increases and is likely to continue to grow.

IoT applications such as contact tracing devices and portable health monitoring devices deliver critical data to help fight the pandemic.

A technology of the future instead well received.

These new use cases have created a positive attitude towards IoT as a critical enabler of the future.

Brakes remain…

According to this report, today’s IoT systems lack three essential characteristics to develop internationally successfully:

  • First, unstructured and fragmented security regulations are significant obstacles to the broader adoption of IoT: whether in consumer or enterprise IoT.
  • Second, there is no such thing as a global standard for IoT communication. The global IoT market can only take off when all connected devices speak the same language.
  • Third, alongside this lack of standardization, today’s IoT ecosystems lack real-time intelligence, which relies heavily on edge computing and artificial intelligence of objects (AIoT).

For the IoT to be ubiquitous, these three shortcomings will have to be corrected.

Also Read: Security In IoT Devices A Pending Issue

Tech Today Reviews

We are the team who always Provides about latest technology news, latest gadget reviews which are recently released with all specifications to all our readers.

Recent Posts

Mind Mapping: Better Organization And Increased Productivity

Let's imagine a world where your ideas and information are freed from the monotony of…

3 days ago

How Can Organizations Protect Sensitive Data In Big Data Environments?

Managing a big data environment is challenging, especially when you have sensitive, high-risk information to…

6 days ago

Router Guide: Which Router Is Best For You?

For surfing at maximum speed, not only the Internet connection is important. The router is…

1 week ago

The Benefits Of Apple Pay: Streamline Transactions For A Connected World

In an increasingly digital and fast-paced world, the need for convenient and secure payment solutions…

2 weeks ago

ChatGPT: Opportunities And Risks Of Revolutionary Development

Who doesn't know it by now, the most well-known little AI helper in everyday working…

2 weeks ago

Entrepreneur In Communication: Mistakes To Avoid

Are you ready to embark on the entrepreneurial adventure of the communication sector? Congratulations! Before…

3 weeks ago