Providers and end-users will face tremendous challenges when considering IoT deployments at scale, the research found
Internet of Things (IoT) connected devices, including sensors and actuators, are predicted to triple to more than 46 billion units by 2021, according to new data from Juniper Research.
This 200 per cent increase from this year will be driven in large part by a reduction in the unit costs of hardware, the analyst said, with it expected to average close to the ‘magic’ $1 throughout the period.
The Internet of Things: Consumer, Industrial & Public Services 2016-201 research found that industrial and public services will post the highest growth over the forecast period, averaging over 24 per cent annually.
However, the study cautioned that both providers and end-users will face tremendous challenges when considering IoT deployments at scale.
Juniper predicted that, without changes in attitude from some service providers, getting an IoT project off the ground would be too difficult for non-tech savvy customers. It noted that initiatives such as Exosite’s IoT Alliance (a large partner network) and Rubicon Labs’ flexible business models (pricing according to the value of the data in question) would be fundamental in driving market traction forward.
“The platform landscape is flourishing”, said Steffen Sorrell, author of the research. “However, analytics and database systems are, for the most part, not architected to handle the Big Data 2.0 era that the IoT brings”.
To this end, Juniper identified key areas where disruption is needed, such as spatiotemporal analytics and intelligent systems able to run on less powerful machines (eg routers).
Additionally, the study found that the security threat landscape is widening. IoT distributed denial-of-service (DDoS) ‘botnet’ attacks have become infamous in 2016, although in the medium-term, personal data theft, corporate data theft and physical asset damage will be the primary goals for IoT hackers.
It was found that enterprise and industry are investing heavily in security for the IoT. However, Juniper report said the consumer market landscape is woeful, with lax attitudes typified by UK ISP TalkTalk’s astounding “do nothing” Mirai Worm advice to consumers. The research contends that regulatory, corporate and media collaboration would be needed in order to improve the overall threat landscape.
If you like this, you might be interested in reading the following:
Predicted number of AVs rises significantly
Taxi sector will lead the self-driving market to more than 22 million consumer vehicles by 2025, says new report
Smart traffic could save 4.2 billion man-hours annually
A report by Juniper Research says smart traffic management and smart parking initiatives have the potential to save each city driver nearly an entire working day per year
Embedded SIMS provide catalyst for M2M
Smart metering and connected car connections will comprise the majority of cellular M2M embedded connections over the next five years