The Internet of Things market reaches maturity

A quick look back to ‘IoT Tech Expo Europe 2019’ in Amsterdam.

Not a day, a week or month is going by without our email inboxes informing us about the arrival of a new online product: from stethoscopes to heat pumps through to teapots and fridges. But where are we really with it all? Is the market finally ready? Announced some years ago, has the emerging tide of applications intended to help us in our daily lives arrived? What about security and standards?

To answer all these questions, my colleague Thierry Coutelier and myself attended ‘IoT Tech Expo Europe 2019’ in Amsterdam.

First observation: the market for online things is growing according to GSMA Intelligence (https://www.gsmaintelligence.com/about/).

In 2018, the market represented 9 billion ‘official’ online things, that is to say, using a service provider, while forecasts for the next 6 years indicate a total over 25 billion things. With this in mind, the industrial sector is experiencing the greatest growth, with a multiplying factor of 6.7, closely followed by the construction sector (Smartbuilding) and cities (Smartcities) with a factor of 4.5.

Second observation: the IoT extends to all sectors and all businesses. From the consumer electronics market to transport, business, automotive industry and even public services, all businesses are set to encounter this innovation as one time or another.

Finally, third observation, the normative aspect is beginning to structure the market by giving it legal frameworks to regulate the consultation of data generated, accreditations and security guidelines.

And, speaking of security, this is a hot topic at many conferences. What about the security of online things? The answer: protection at every level!

And why not use Edge Computing to do this?

For background purposes, Edge Computing or IT at the edge of a network makes it possible to process data closer to the sensor or thing generating this data before sending it to the cloud. This 'pre-management' of information makes it possible to reduce the amount of data to be transferred, processed or subsequently stored, thereby reducing latency time as well as boosting the security of data retrieved.

To summarise, the trend of the fair was very clear: technologies are now finally ready to be implemented at industrial level, it's simply a question of establishing your business case.

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