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Top 10 IoT Trends in 2020 that Drive your Business Growth
Jimi loTJimi loT2020-02-05

Driven by policy,economic,social,and technical factors,GSMA proposes that the compound growth rate for 2019-2022 will be about 9%. In this passage,we will introduce 10 IoT trends in 2020,which will be closely related to your business development.

1. The integration and development of the IoT and the mobile Internet has become the main driver of the information industry

In the digital economy,data has become a very important asset,and the Internet of things devices,as the source of data generation and acquisition,will become the entrance to the era of intelligent IoT. In the development process of information and communication industry,mobile Internet and Internet of things are regarded as two major industrial development parts. The Internet of things is mainly for social production and social management,focusing on industrial and regional services. At present,the mobile Internet is entering a period of high speed popularization,the user scale,data flow,intelligent terminal shipments,application services,etc are showing a rapid development trend,while the development of the Internet of things is starting,and it may become the next trillion-level industry. The overlapping of the two industrial cycles brings great opportunities for the integrated development of Internet of things and mobile Internet.

2. Smart Town will take priority over smart city application and promotion

In the process of building a smart city, the role of the Internet of Things cannot be ignored. IoT provides powerful technical support for the coordinated and efficient operation of urban transportation, hydropower, medical and other industries, and makes municipal management more effective, scientific and reasonable. However, the scope of smart cities is too large, and the application of the Internet of Things technology is of complexity and has to overcome many difficulties. As an extension and expansion of a smart city,  the smart town is the starting point for building a new smart city.

3. Operators will work together to improve network infrastructure in 5G and NB-IoT base stations

5G and NB-IoT technologies are being rapidly deployed to support smart cities, bike-sharing, and smart agriculture. Operators are accelerating the deployment of 5G and low-power wide-area networks, bringing new functions and commercial applications to the Internet of things.

4. The Industrial Internet of Things will move from platform building to solution improvement

The driving force of the Industrial Internet of things (IoT) laid in solving and optimizing running parts in industrial, energy, transportation, etc as well as the development of enterprises. With the basic improvement of the platform in the early stage, the overall Internet of things solution is expected to be gradually laid out and successfully implemented within 3-5 years.

5. NB-IoT will stimulate the development of IoT application scenarios such as smart home

The features of NB-IoT, such as low power consumption, wide-coverage, and massive connections,  can meet the requirements of smart lock, smart water and electricity meter reading, smart home appliances, security alarm, smart wearing and other applications, simplify the complexity of terminals, reduce power consumption, control cost and realize mass connection and signal transmission at the same time.

6. The determination of V2X spectrum will attract more corporate giants to accelerate the layout

V2X is an artifact that turns the car into the eyes of the driver. Before the driver realizes the sudden case, it can see the deer unexpectedly running onto the road, or use the side of the car to spot a stop sign on the corner that the driver can't see and then remind the driver. With the determination of 5905-5935mhz frequency band, the development of the connected car industry has attracted many giants to seize the opportunity and come up with strategic solutions.

7. Consumer IoT will achieve leapfrog development in 2020

Consumer Internet of Things, namely the mobile Internet of Things, is a combination of the IoT and the mobile Internet. It has spawned large-scale consumer applications such as wearable devices, smart hardware, smart homes, smart travel, and healthy retirement. The major Internet companies are actively exploring the construction of the consumer Internet of Things application ecology, and the continuous optimization of the innovation environment for consumer application products. The scale of the consumer Internet of Things industry will continue to grow.

8. Edge computing and cloud computing push IoT application

Edge computing can not only help solve IoT application scenario of higher security, lower power consumption, shorter time delay, higher reliability, lower bandwidth demands, but also make full use of data to further reduce data processing. With the support of edge computing, the real-time and security of IoT scenarios are guaranteed. "Cloud-edge-end" collaborative vertical data empowerment is the greatest value of edge computing in the Internet of Things.

The competition for the IoT ecosystem is intensifying. Cloud data processing capabilities are starting to sink. Because the edge is closer to the source of the data, making it an important gateway for the IoT industry. According to the data of the Institute of Information and Communication Technology, more than 75% of the data in the future will need to be analyzed, processed, and stored on the edge of the network. Therefore, edge computing has become the focus of a new round of layout.

9. The investment share of solutions on the Internet of things industry will exceed 50% in 2020

The global Internet of things technology is developing rapidly. Most of the IoT solutions and markets are estimated to be 5 to 10 years away from maturity. A small part of IoT technologies may be realized in 2 to 5 years. IoT solutions are still in the blue ocean market so far, but it will definitely attract more and more participants.

10. IoT security incidents are expected to increase nearly 6 times year-on-year

With the rapid development of the IoT industry, IoT security incidents also occur frequently, and global IoT security spending will continue to increase. Currently, attacks based on the Internet of things have become a fact. According to the Gartner survey, nearly 20% of enterprises or related organizations have suffered at least one IoT-based attack in the past three years. In order to prevent security threats, Gartner predicts that the global Internet of Things security spending will reach 2.6 billion U.S. dollars in 2020, of which, terminal security spending will be about 541 million U.S. dollars, gateway security spending will be about 327 million dollars, and professional service spending will be about 1589 million U.S. dollars.

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