Internet of things (IoT) once a niche, is now a technology on which billion-dollar enterprises are building their futures. Here are the top IoT trends to watch out for in 2019.
IoT security will be the top concern
There will be a race to develop the most secure IoT solutions- a crucial step towards revolutionizing the industry. Meanwhile, experts will focus on tacking major security issues and vulnerabilities in IoT.
Tech giants will continue to dominate and IoT platforms will flourish
“We’ll see IoT platform vendors narrow their focus on specific use cases and tout their APIs and capabilities for integration with enterprise applications, analytics, and security management,” – Forrester.
As IoT giants will compete for market share, we’ll see smaller players focus on niche areas to survive- like industry-specific challenges, data movement etc.
Bundled service offerings will catalyse the slow consumer IoT market
In 2019, industry players such as insurance, grocery and utilities company will provide subscription offerings like, for e.g. Verizon Hum (blends automobile service, roadside assistance, maintenance monitoring for $20 per month)- avoiding most of the upfront IoT device costs.
Edge computing will dramatically impact those industries where speedy action is needed based on complex real-time data analysis (like public security) and where cloud connectivity may be restricted (like logistics).
Cyber criminals will infiltrate and disrupt smart city implementation
In 2019, more targeted ransomware attacks will disrupt the smart-city implementations- causing damage to citizen services, bringing us full circle to industry focusing more on security in the upcoming year