The Internet of Things (IoT) is the network of physical objects that are embedded with sensors, software, and connectivity to exchange data and interact with other devices and systems. IoT has many applications and benefits for various domains, such as smart homes, smart cities, smart agriculture, smart manufacturing, smart health care, and more. But what are the latest developments and trends in the IoT world?
Here are some of the news and insights that you need to know:
Industrial IoT Market Gears Up for Dominance, Forecasting a Remarkable 12.1% CAGR and US$ 1,392,133.7 Million by 2033: The industrial IoT market is expected to grow significantly, with a notable 12.1% annual growth rate. By the year 2033, it is projected to reach a substantial value of US$ 1,392,133.7 million. This indicates a promising future for IIoT technologies in various industries.
FloLIVE and Kigen claim solution for permanent IoT roaming in Turkey: IoT MVNO startup FloLIVE claims to have solved the challenge of IoT roaming in Turkey, one of several major markets to impose restrictions on permanent roaming. The London-based firm has worked with SIM specialist Kigen and local telco provider Protahub to enable seamless connectivity for IoT devices across Turkey.
IoT start-up FourJaw raises £1.8m in funding: An IoT start-up that helps manufacturers maximise productivity and reduce energy use has raised £1.8m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund. The start-up, called FourJaw, uses sensors and cloud-based analytics to monitor machine performance and provide insights for improvement.
Five Emerging IoT Technologies You Need To Know In 2023: CRN has compiled a list of five emerging IoT technologies that you need to know in 2023, from sensors with new power-generating capabilities to fresh methods for running software on tiny devices. Some of the technologies are:
- Energy harvesting sensors: These are sensors that can generate power from ambient sources such as light, heat, or motion, eliminating the need for batteries or wires.
- Edge AI: This is the use of artificial intelligence algorithms on edge devices such as sensors, cameras, or gateways, enabling faster and more efficient data processing and decision making.
- eSIM: This is an embedded SIM card that can be remotely activated and configured by different network operators, allowing more flexibility and interoperability for IoT devices.
- LoRaWAN: This is a low-power wide-area network protocol that enables long-range and low-cost wireless communication for IoT devices.
- WebAssembly: This is a binary instruction format that can run on any platform or device that supports a web browser, allowing developers to write software for IoT devices using any programming language.
These are some of the latest news and developments in the IoT world that you should not miss. Stay tuned for more updates on this exciting technology.
