The historical development process of the scale change of the Internet of Things industry:
1. Replacing the Mobile Internet
In 2017, the number of IoT device connections exceeded the number of mobile phone users. In 2018, many Internet companies have transformed into the Internet of Things. In 2019, the deep integration of IoT and artificial intelligence will promote the transformation of user experience. The Internet of Things will enable various Internet companies, Internet of Things companies and traditional companies to enter the same large industrial chain, and the information industry will enter the Internet of Things era from the mobile Internet era.
2. New analytical tools and algorithms
The IoT era requires new analytical tools and algorithms, but as data volumes increase, IoT needs may differ from traditional analytics. The currency of IoT will be “data,” however this new currency will only be valuable if massive amounts of data can be turned into insights and information, and into concrete actions that can transform businesses, change people’s lives, and impact social change. New analytical tools and algorithms will also emerge in the IoT era.
3. From cloud to edge
Edge computing and AI will complement each other and dominate the IoT. In most mission-critical applications, local data processing or edge computing will become necessary. In addition, the device is quickly and actively sensed, and facilitates a smooth transition from cloud computing to edge computing. As more and more workloads are born in the cloud, some enterprises are transforming and migrating to the cloud. Edge computing devices can be mobile devices such as smartphones or PCs, and home terminals such as smart homes can even be ATM machines and cameras. Wait for the terminal.
4. Smart city applications
For most cities, a true smart city is a bit of a stretch and won't be easy to achieve in a year. A smart city is not only an IoT solution, but more like an overall solution for various elements such as ecosystem, traffic flow management, air quality monitoring, traffic management, smart parking, public transportation, smart healthcare, and smart monitoring. Therefore, progressive realization of these independent sub-apps is a more realistic goal than many different elements that are often managed by different governing bodies.
5. Safety measures
All players in the IoT ecosystem, including consumers, realize that security cannot be ignored. In the first three quarters of 2021, IoT security incidents in China increased by 138%, and the number of IoT incidents in China is expected to increase from 10,648 in 2021 to 56,121 in 2022, an increase of nearly 6 times over 2021. In 2022, data security and data privacy will be in focus. We will see a significant increase in investment and capital expenditures to secure IoT products, platforms, clouds and services.
6. Basic applications of NB-IoT and LTE-M
Cellular LPWA will be in a fast growth mode, especially the fast growth mode NB-IoT. Smart meters will transition from non-cellular meters to standalone cellular LPWA meters. Smart parking will gain more room for growth, especially in terms of growth. After NB-IoT and LTE-M are fully deployed.
7. Consumer Internet of Things
Consumer IoT remains an opportunity for mobile operators to develop, and it can also be difficult territory due to device and connectivity costs, data privacy and security concerns. Continued growth in security and data privacy policies will help boost consumer confidence. Most carriers offer more robust services to the commercial sector, but that doesn't translate into real consumption. Operators are expected to offer more consumer goods and services in 2022, especially smart home products.
8. IoT cellular connectivity
By the end of 2022, there will be 2.6 billion IoT cellular connections worldwide. We can see that the deployment of cellular LPWA applications with LTE-M or NB-IoT depends on geographic location and operator LPWA network strategy. The deployment of LTE-M that began with some Western operators is now adding NB-IoT to their IoT network strategic roadmaps, which will accelerate. China will continue to lead the world in IoT cellular connectivity.
9. IoT bundled products and services
Every major player in the IoT ecosystem wants to be an end-to-end product and service provider, as IoT ecosystem revenue is fragmented across the value chain. As such, IoT players are looking to capture big value by bundling IoT devices, secure connectivity, platforms and data management to take advantage of the overall opportunity. This is very attractive to IoT users (business or consumer) who may not have the expertise to combine different elements and are willing to pay for an integrated solution.
