AI-generated summary
The future growth of the Internet of Things (IoT) will be primarily driven by advancements in several key technologies. The rollout of 5G networks will enable IoT solutions to harness vast amounts of data generated by connected devices, enhancing their integration and functionality. Additionally, the miniaturization and cost reduction of integrated circuits (System on Chips) will make IoT devices more accessible and efficient. Major cloud computing providers are expected to incorporate IoT services into their platforms, offering more comprehensive and scalable solutions. The availability of free software applications will further support widespread IoT adoption by reducing development costs and encouraging innovation.
However, several challenges could hinder IoT expansion. A significant barrier is the lack of standardized protocols and interoperability among devices, complicating seamless integration. Cybersecurity concerns are critical, with Gartner predicting that by 2025, over 25% of cyberattacks on enterprises will target IoT systems. Regulatory frameworks and public support remain underdeveloped, slowing progress. Moreover, public distrust is a major obstacle; a Gemalto report reveals that 90% of consumers doubt the security of IoT devices, fearing privacy breaches and unauthorized control. Addressing these issues will be essential to fully realize the potential of IoT technologies in the coming years.
Main accelerators and brakes of the development of the Internet of Things
The main drivers of Internet of Things in the future will be:
– 5G and the other technologies referenced: IoT solutions will be increasingly integrated into solutions that take advantage of all the data generated by the devices.
– Miniaturization and cheapening of integrated circuits (SoCs)
– Integrative offers in the cloud. The big players in Cloud Computing will be integrating IoT solutions into their offer of services and platforms
– Free software applications
And internet of Things` possible brakes:
- Lack of standards, lack of interoperability solutions
- Cybersecurity. More than a quarter of all cyberattacks against enterprises will be IoT-based by 2025, according to a Gartner report.
- Little regulatory development and little public aid
- Lack of confidence of the general public in the face of the “Big Brother” that the IoT can suppose in their daily lives and fear of being spied on. 90% of consumers lack confidence in the security of IoT devices according to a Gemalto report, with the lack of privacy and unauthorized third parties being able to take control of IoT devices being the biggest concerns.