With the global coronavirus pandemic, every aspect of our life has been affected, and it is impacting our lives. In a world where contact between humans is limited, contact between our devices through the Internet of Things can help us to stay connected. This growing digital transformation is a major driving factor of an offshoot in the IoT Domain. The need for the consumers to crave more connected devices, streamline tasks such as monitoring and automating tasks via remote operations, and artificial intelligence is soaring.
We have been more technology-reliant than ever before since we are all connected virtually with each other. This is a catalyst for the double-digit growth for IoT in all possible sectors in the years to come.
Let us take a look at the Hot IoT Trends to watch out for in 2021!
Connected Health Care in 2021
Being isolated, at home, away from your loved ones is indeed bad, but you are completely safe. Due to the pandemic, people being mostly at home has become the new norm, even in the healthcare sector. More and more professionals are highly recommending the use of connected healthcare solutions to monitor illnesses. Healthcare was one of the few domains that saw increased spending since 2020, and it is growing exponentially.
The surge in the adoption of wearable sensors that monitor patients to keep track of their illness and vitals is speculated, and the use of digital health devices at an affordable cost is bound to grow. A lot of top B2B app development companies are leveraging this rise in the demand for wearable medical devices by developing IoT-enabled applications for their clients.
It is estimated that the global IoT medical devices market will have a CAGR of 15.27% between 2019 and 2025. Zion Market Research forecasts that this will result in a market worth $62.69 billion by the end of that period.
5G – The Fuel of IoT
The advent of 5G is the next telecommunication innovation of the world. All devices are gearing up to roll out 5G updates in the near future. 5G promises greater connectivity of IoT devices with faster speeds, even in remote locations.
This is an undoubted fuel of innovation at organizations, and IoT devices will make a boost in overall consumer demand in 2021 and later.
More Productive WFH
Work-from-Home has become the new normal for many of us these days due to safety concerns. With AI-powered personal assistants like Alexa and Google Home installed in many of our homes, we can expect more applications that are designed to help us throughout the day while working remotely. This means more intelligent scheduling and calendar tools, as well as better video conferencing and virtual meeting technology.
In case of sectors like manufacturing and industrial operations, where companies still require physical presence, IoT will enable assets to be more effectively managed remotely, with less human intervention.
Smart Logistics with IoT
The supply chains are reaping with IoT technologies, with improved operational efficiency at lesser cost and enhanced revenue opportunities. In fact, logistic companies are the first ones to embrace IoT with open arms and have been benefitting from it for years.
Amazon’s warehouses are the best examples of how IoT can transform logistical operations. The days of yore when the employees had to roam around scanning QR Codes to fetch products from the warehouses are long gone. IoT-enabled robots, conveyor belts with built-in cameras, and QR scanners quickly traverse through the inventory, increasing the efficiency by ten times.
IoT at the Edge
Edge Computing is a powerful trend that surely isn’t going away very soon due to Covid. In fact, this trend will be more relevant than ever, most likely leading to an increased speed of innovation.
With Edge Computing, instead of IoT devices sending the collected data to the cloud for extraction and analysis, this work can be carried out directly on the devices themselves. It will result in massive savings in bandwidth usage and will reduce the cost financially and environmentally as well.
Construction and Maintenance
IoT Technology can be utilized in construction and maintenance to determine the extent of the degradation of roads, rails, bridges, and other heavy engineering construction sites. Various sensors can be utilized at critical points of structures and their joints to receive real-time warnings of any damage instead of waiting for the maintenance team to detect problems during their visits.
Final Thoughts
The potential of IoT technology in various industries is immense, and it is playing a pivotal role in reaching the Industry 4.0 vision. It would not be an exaggeration to say that IoT will become an industry standard soon, and the businesses will witness a game-changing revolution in their respective sectors in the years to come, starting with 2021. The IoT Experts at TechAhead, a leading IoT app development company, will lend a hand to you to adopt IoT technologies in your business and observe immense profitability and sustainability in your firm. Feel free to reach out to TechAhead consultants to turn your enterprise into a powerhouse of IoT Technologies, right from the beginning, and increase your efficiency by multi-folds!
