During 2018 there are three IoT trends to watch out for with ongoing adoption. These IoT trends are IoT security, business transformation lead by IoT and LPWAN.
IoT Security Products Increase Confidence
Security remains a top concern for companies adopting IoT technology. Hence, we will see the introduction of new IoT security products to help tackle security.
This will aid large IoT implementations, adding confidence and expertise. With more resources to tackle security concerns.
The use of IoT-enabled applications and devices assist in business confidence. Hence IoT security products will help to transform IoT during 2018.
Business Transformation Lead by IoT
With the adoption of IoT, companies are using it to transform their businesses. Installing IoT Systems gives companies a clear advantage over competitors. Especially when it comes to evolving digital capabilities.
These advantages include an increased marketplace with globalisation. New revenue streams and increases profit margins.
New Connectivity Methods Low-Power Wide Area Networks
During 2018, we will see the increased adoption of narrowband IoT Connectivity. Technologies such as low-power wide area networks (LPWAN) will open up new innovations.
LPWAN offers a low-cost method to increase network coverage. And to expand IoT connectivity to hard-to-reach places.
The open-standard that defines the communication protocol for LPWAN is LoRaWAN.
Using LoRaWAN is an excellent choice for IoT applications in dense location. These include cities or big buildings. Connecting smart lighting, smart grid and asset tracking.
Sensors and meters that use low power and small data, can use LPWAN for long-term monitoring. IoT applications include water metering, smart agriculture and remote door locks.
With the greater awareness of LPWAN, we will see even more growth in new IoT applications.