IoT? Confused? We explain all!The Internet of Things has been hyped - and for good reason. It is becoming feasible to connect with almost anything and everything, giving individuals and organizations new and valuable insights. Although no single connectivity solution can serve all IoT use cases, the different technologies look set to usher in an exciting era.
What's it all about?
IoT ExpansionNew cellular technologies are paving the way for a major expansion of the IoT. Over the next five years, the number of cellular IoT connections is set to grow rapidly, with Ericsson forecasting 1.5 billion cellular-connected IoT devices by 2022, up from 400 million in 2016.
Conventional Technologies will Play a PartConventional cellular technologies are also set to play a major role in IoT development - Ovum anticipates there will be 212 2G and 212 million 4G IoT connections in 2021, while 3G will have 172 million.
LPWA DemandDemand for LPWA connectivity will be one of the key engines driving this growth - Machina anticipates 2.97 billion connections will use LPWA technologies - 11% of all IoT connections.
Economies of ScaleAlthough some enterprises will continue to employ application-specific connectivity, many will want to harness economies of scale and interoperability associated with standards-based services.