5 Interesting IoT Trends That Will Roll Out in 2018

The excitement for Internet of Things made a dominant space in every industry. Just like previous year, the expectations from IoT technology indicate the onset of a new journey along with the introduction of the most popular trends in 2018. Several techies have revealed their ideas & concepts regarding the most anticipated IoT trends for this year. So, are you prepared to go through them? Before unveiling top 5 interesting IoT trends for 2018, check out few stats to engage yourself:

• According to IHS survey, more than 75 billion internet-friendly gadgets will connect the global IoT world by 2025. Interestingly, the current scenario of 20 billion IoT connected devices favors this forecast in a right way.
•  
• A recent study interprets the success of IoT as two-third of organizations are utilizing them to stand in the present competitive market.
•  
• According to IDC, 80% of expenditure of IoT is expected to be done on B2BN applications.

Now, it’s time to justify your impending curiosity with the below-given top 5 IoT trends that you will see in 2018:

IoT Devices Will Revolutionize The Digital World

IoT technology stands in support to the global business sphere where digital environment dominates over other techniques. Vodafone’s “IoT barometer” reveals that more than 74% firms opted for IoT development as they approve its significance in the ever-evolving digital era.

The reports by Forrester interprets that IoT will contribute more in strengthening customer value and brand recognition. It is expected that the demand of these internet-friendly devices will continue to rise in 2018 as the user base of IoT gadgets is set to multiply in the global markets.

BI Intelligence’s survey revealed an interesting report that businesses will spend more than 6 trillion dollars in IoT in the next 5 years. So, it is clear to say that IoT will be a trendsetter in 2018.

Shift Towards Healthcare

“Healthcare sector continues with the potential of IoT.”

IoT evolved as a backbone for healthcare industry. Several medical & healthcare service providers are taking the advantages of big data driven healthcare solutions to facilitate their patients. According to predictions, the role of IoT in reshaping healthcare will set notable trends in 2018 for heathcare services & payments. So, it seems like the demand of IoT will rise in the global healthcare industry.

Possibilities Of New Security Concerns

“Security always interrupts the flow of technology.” Many IT experts talk over the security challenges as a part of forthcoming IoT trends for 2018. IoT is vulnerable to security risks as hackers caused a serious damage to IoT functionality in previous cyberattack in 2016.

This year, you need to prepare yourself for the upcoming security challenges while working with IoT technology. With more & more connected devices, fragmentation increases the chances of security risks that will be quite challenging to protect wide IoT networks. In 2018,  many IoT experts & business owners will be strategizing to deal with all security challenges to safeguard the entire system.

Blockchain Will Shield IoT security

Business transactions via blockchain will empower IoT devices in 2018. This IoT trend will focus on foolproof security by taking advantage of blockchain in several ways. For this year, the integration blockchain will help businesses to:

1. Encourage Loyalty & Trust- Blockchain will safeguard all digital transactions performed via IoTs. Irrespective of modes of transaction, the combination of IoT & Blockchain will introduce a fully-secure platform for smooth, quick, & protected transactions. Businesses will leverage Blockchain for IoT and facilitate people with secured transaction records & data.
2.  
3. Cut Down Expenses- Blockchain goes well with IoT as it scales down all the expenditures & enables one-step transactions due to the absence of “middleman” in the entire process.
4.  
5. Induce Transaction Process- No middleman means no interruption. Blockchain makes it simple for IoT users who prefer smart & safe transactions.  

Business Will Get Unpredictable Profits

SMEs encourage the usage of IoT technology for their growth & better productivity. The integration of cognitive computing with IoT makes it efficient for many business-oriented tasks. Sensors & processors also simplify the process of business management. IoT is becoming a major component of IT infrastructure as firms are utilizing it for analysis, costs reduction, revenue generation, marketing, & various business purposes.

IoT is already popular in the present industrial sector & that’s why, businesses observe it among top 5 IoT predictions of this year.   

Final Words

Finally, the most anticipated 5 IoT trends for 2018 are out. In the ever-changing era of technology, several trends gain popularity & leave after sometime. So, it’s important to go through the predictions & follow them in the future. You can take inspiration from all above trends for IoT app development as they are meant to guide & make you progress in the upcoming digital environment.