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Updated by Oleg Lola on Sep 04, 2017
Headline for 5 IoT Trends to Watch in 2017-2020
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Oleg Lola Oleg Lola
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5 IoT Trends to Watch in 2017-2020

Today we'd love to share our vision of 5 major IoT trends to be on the rise in 2017 and beyond.

Source: https://mobidev.biz/blog/iot-trends-for-business-2018-and-beyond

5 IoT Trends to Watch in 2017-2020

The Internet of Things (IoT) is described as a connection of a hardware device equipped with sensors and communication capabilities with a data-processing platform that then transforms data into comprehensible information for the end user.

The IoT market evolves rapidly; experts predict more than 50 billion connected devices in the world by 2020.
The Internet of Things expanded beyond startups with B2B and consumer products. There are large corporations that are in search of IoT solutions that can be incorporated with their business processes to drive new revenues, lower costs, or make management easier. The most promising IoT projects come up on the intersection of Augmented and Virtual Reality, machine Learning, and Big Data.

With plenty of companies working on IoT applications, 2017 may be a turning point in the adoption of this technology as more consumers and businesses see the benefits of digitalizing various tasks and aspects of their lives. Security issues have been one of the main barriers to further IoT adoption. Security startups have an ideal opportunity to satisfy the growing demand for IoT ecosystems protection.

We singled out 5 trends that matter at the crossroads of IoT and business.

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IoT Trend #1 Real business needs drive the direction of The Internet of Things development

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IoT Trend #2 Consumer IoT will be on the rise

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IoT Trend #3 Flexibility and interoperability of connected devices

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IoT Trend #4 Vulnerability of connected devices will make IoT security the most important issue

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IoT Trend #5 IoT & Big Data – collection and processing