During 2018 there are three IoT trends to watch out for with ongoing adoption. We can expect to see an increase in IoT security, business transformation lead by IoT and low-power wide area networks (LPWAN).
IoT Security Products Increase Confidence
Security remains a top concern for companies adopting IoT technology.
Over the coming year, the introduction of new IoT security products will help companies be more confident in tackling security concerns.
We will see more confidence in large IoT implementations, with aid of expertise and resources necessary to tackle security concerns.
Using IoT-enabled applications and devices will continue to grow, which will push business confidence forward during 2018.
Business Transformation Lead by IoT
With the adoption of IoT, companies are using it to transform their businesses.
By implementing IoT Systems, they experience clear advantages over competitors when it comes to evolving their digital capabilities.
Such advantages included an increased marketplace with globalisation, new revenue streams and increased profit margins.
New Connectivity Methods Low-Power Wide Area Networks
Narrowband IoT connectivity technologies like low-power wide area networks (LPWAN), opens new innovations for 2018.
Expanding IoT connectivity to hard-to-reach places, LPWAN offers a low-cost method to increase network coverage.
We will see the increased use of LoRaWAN which is an open-standard that defines the communication protocol for LPWAN technology.
LPWAN an excellent choice for IoT applications in dense locations, such as cities or big buildings for smart lighting, smart grid, and asset tracking.
Due to the low power requirements of LPWAN, it is ideal for long-term monitoring IoT applications. Sensors and meters can now be installed and monitored over a long period of time (e.g. water metering, smart agriculture, and remote door locks).
LPWAN technology works well in situations where devices need to send small data over a wide area while maintaining battery life over many years.
With the greater awareness of LPWAN, we will see even more growth in new IoT applications.