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Top 10 IoT Trends Transforming Businesses

The Internet of Things (IoT) consists of networks of physical things equipped with sensors, software, and different technologies for exchanging and connecting data over the Internet with other systems and devices. The devices range from everyday household objects to modern industrial tools.

In this blog, we will look at the top 10 trends in IoT. Before we begin, let’s have a look at some facts and figures about IoT:

- By 2021, the IoT market generated a revenue of about 21 billion.

- By 2022, 100% of the population is assumed to have LPWAN coverage.

- By 2025, there will be more than 64B Internet of Things devices worldwide.

- In 2019, there were around 7B IoT devices. However, more than 10B devices are expected to join the Internet of Things ecosystem.

- As of 2019, nearly half of all IoT (Internet of Things) devices were connected to WPAN (Wireless Personal Area Networks), including Bluetooth, Z-wave, and Zigbee.

- 54% of enterprises invested in IoT app development because of its cost-saving factor.

In this article, we will explore the key drivers behind the IoT trends and the benefits they offer for businesses. As more devices become connected, the potential for innovation and disruption increases.

So read on to discover why IoT is such a game-changing trend for businesses of all sizes and industries and what the top 10 IoT trends are for the near future.

  • Blockchain: a fortress and guardian that shields your smart devices from prying eyes and cyber threats.

  • Smart cities: solving numerous urban challenges, from reducing traffic congestion to enhancing public safety.

  • IoT with 5G: Imagine your IoT devices on a lightning-fast rollercoaster ride. That’s the power of 5G, making IoT smoother than ever.

  • Traffic management: With smart traffic systems and IoT-equipped vehicles, bid farewell to those frustrating traffic jams, and enjoy intelligent traffic lights communicating with cars for a smooth flow of traffic.

  • IoT-Powered AI: Imagine your devices teaming up with brilliant AI companions. They’re not just learning; they’re making decisions independently.

  • Digital twins: They’re like magic mirrors, helping fix issues and optimizing performance. It’s like having a twin who does all your work!

  • Voice-Activated IoT: Remember chatting with your smart assistant? Well, now we’re talking to our devices like old friends and they’ll respond like your tech buddy.

  • IoT Security: These security solutions are like digital bodyguards for your devices, constantly scanning for threats and vulnerabilities.

  • Edge Computing: These mini-computers work right where you need them, making IoT devices faster and smarter. You’ll feel like you have a tech expert by your side ensuring your smart appliances respond instantly.

  • Metaverse: IoT is part of the virtual world magic, and it’s set to transform how we live, work, and play in this exciting metaverse. Get ready for a tech adventure like no other!

Interested in Integrating IoT Solutions into Your Business?

Contact Us via +234 708 355 7478 or +234 708 580 1253.

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