What is the Future of IoT?
                     What is the Future of IoT?
Satya K Vivek
Writes for Gadgeon IoT software development company 
and IoT engineering services.
The preceding few years have witnessed significant growth in IoT 
technology deployment. Market experts are predicting that this growth 
rate will increase during the coming years. When various technology 
sectors are considered, we get to see that IoT is among the ones that have 
been rapidly expanding.
These technological advances are difficult to predict even as recently as 
two decades back. At the same time, technological advances are having a 
positive impact on all areas of our lives. In this context, it will be 
worthwhile to focus on some salient points regarding what can be 
expected about the future of IoT.
• It is estimated that within the next three years, throughout the world; 
there are going to be around 25 billion IoT devices. The worldwide market 
for IoT is projected to double in the next five years.
• Soon, 5G is expected to replace the existing 4G. Quicker data exchange 
and wider network coverage are the primary features of 5G, and this will 
just boost the effectiveness of IoT.
• Similarly, there will be further improvements in the technologies related 
to IoT such as Machine Learning and Artificial Intelligence. These shall 
contribute to the increased adoption of IoT by numerous commercial 
entities and individuals.
• Smart cars will become commonplace due to enhancements in IoT 
technologies. Avoiding roads having heavy traffic congestion and reducing 
the fuel consumption of automobiles would no longer be complex issues.
• There shall be a noteworthy rise in the number of businesses opting for 
blockchain technology. This technology addresses the all-important 
aspects of data protection and cyber security. Organizations are going to 
be in a better position to safeguard themselves from online threats.
• It is very much likely that more stringent laws and regulations specific to 
interconnected IoT devices will get introduced. It can be said that these 
stipulations are mandatory for making businesses and people feel safer on 
the Internet.
• There would be a consistent increase in businesses choosing the digital 
Twin technology. This technology is of immense value for organizations; it 
helps in the creation of a virtual copy of a physical object. The digital copy 
provides accurate details about how the object shall work in real-life 
situations. Companies then are enabled in making any modifications/ 
additions, as required.
• Dependence on edge computing is a trend that will be seen in the case 
of almost all business organizations. With this type of computing, 
companies will be able to process crucial data at the point of origin, rather 
than directing it toward the cloud. This gradually leads to both an 
enhanced speed and a significant decline in costs, and that paves the way 
for lowered costs.
• Presently, deploying IoT technologies is not that easy for organizations, 
as they are necessitated to approach different parties for varied solutions. 
A single provider offering all solutions is a thing that is currently 
uncommon. This is leading to several issues concerning the proper 
integration of IoT.
• But IoT marketplaces, which are still in their early stages, would solve 
these problems. This marketplace is a one-stop- shop for all the 
corresponding applications and solutions. It has been forecast that there 
would be substantial growth in these marketplaces, and this will simplify 
things for businesses in a big way.
About Gadgeon
Gadgeon is known for its expertise in Industrial IoT and engineering 
excellence. We connect devices, operations, and processes to create 
business value, and revolutionize enterprises with the power of data. As 
an end-to-end technology services company, we successfully enabled the 
digital journey of customers with critical digital services ranging from 
embedded systems, cloud app development, mobile app development, 
data & analytics, application modernization, emerging technology based 
solutions, and testing & test automation across the industries such as 
connected factory, telecom & datacom, digital healthcare, CSPs, and 
home & building automation.
Thank you for time in reading this article!