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IoT Is The Future
IoT has offered the world flexibility of sharing data from different locations. IoT connects multiple devices in different places to enable the sharing process. As analyzed by Fortune Business Sights, the IoT market value is a whopping $478.36 billion in 2022 and it is also expected to be valued at around $2465.26 billion by 2029.
As per the forecast of IOT ANALYTICS the US IoT market is set to reach $525 billion by 2027. It is also expected that the number of connected IoT devices will also reach 14.5 billion across the world within 2022.
Key Trends To Capitalize IoT App Development
Progress in technology has immensely improved human lives. IoT technology has also played a key role in it and will be playing the role in the future too. In 2022 there are a few key trends in IoT app development like-
- Machine learning: In order to offer predictive maintenance the emergence of IoT integrated with machine learning is quite effective and preferred in current times. Manufacturing businesses prefer this integrated method as it helps them identify the wear of machinery.
- AI: AI integration in IoT is something we experience in our daily life. For example, robot vacuum cleaners that store the data to create a map for cleaning purposes.
- Blockchain: IoT and Blockchain are two of the world’s fast-growing technologies. So it is clear that blending both will bring very effective and innovative results. IoT and Blockchain together bring increased security, method to verify data and a reliable mode of recording data.