It’s exciting to see the Internet of Things really gain momentum as new connected solutions evolve in the marketplace. To hit that point home further, market research Team IDC recently predicted that IoT spending will reach a whopping 1.7 trillion by 2020.
With such big numbers, the impact of the Internet of Things cannot be ignored in its implications on our lives now and even more so in the future. With that in mind, we thought it would be interesting to check out some of the top predictions for IoT trends for 2016. Here are five…
- A NEW WIFI STANDARD
It is coming. The Wi-Fi Alliance has created a new standard, Wi-Fi HaLow that operates in the 900 MHz band that has lots of benefits which include less power usage, improved penetration through structures like walls and floors and an extended transmission range.
It was developed specifically for IoT devices and with its incredible features will be ideal for solution providers as they support local area networks (LAN) and smart cities where Bluetooth is used.
- CONNECTED SMART HOMES
Vendors will increase their investment in connected smart homes.
Recently, PlumChoice, a solution provider and service specialist, revealed their ConnectedHome Expert which is an end-to-end service that helps IoT manufacturers solution providers and resellers get products easily integrated into consumer’s homes by assisting them with all aspects of selection, installation and integration and thus greatly increasing their ease of use.
- COMPANIES WILL CONSOLIDATE
Manufacturers acquiring IoT companies for better connected technologies has happened in the past and is expected to continue.
Case and point, this year already, Sony has announced the purchase of chip company Altair Semiconductors and last year Cisco acquired IoT analytics company Parstream.
- APIs and IoT
Application Programming Interfaces (APIs) are expected to be key in providing revenue to solution providers’ from the Internet of Things (according to IBM).
APIs and a strategy based on hybrid cloud (the primary delivery model for IoT), are becoming important as they act as a bridge that connects information and lots of data to the Internet of Things. So in essence, many devices get connected to a network that offers unlimited possibilities to solution providers.
- SECURITY ISSUES
Security is always top of mind when it comes to technology these days and the Internet of Things is no exception. Freewave predicts a major security breach of an industrial supervisory control and data acquisition system (SCADA) within the year that will quickly get industries on board with focusing on securing the Internet of Things and finding more secure communications systems in general.
In closing, although we never know what the future holds, it can’t be denied that the Internet of Things will be a big part of it.
BrainGrid Corporation is a designer, manufacturer, and marketer of advanced digital communication devices and software systems that simplify the management of “things” as they relate to the “Internet of Things (IoT).”