According to forecasts, the Internet market of Things (IoT), including various gadgets, connected with each other and the cloud, will grow rapidly in the next few years. The IDC research firm expects global costs for IoT equipment, software, and services to grow from about USD 800 billion this year to nearly USD 1.4 trillion by 2021. However, following IoT trends 2018 and application developments can be overwhelming, as the market encompasses several industries. Let’s consider basic IoT trends 2018 which investors should pay attention to in 2018.
Expansion of IoT
Apple and Google from Alphabet have conquered the mobile world of iOS and Android. But the IoT market with smart home appliances, industrial machines, unmanned aerial vehicles and other devices is much more difficult. Google launched Android Wear for wearing, Android Things for IoT devices, Google Home’s intelligent dynamics, Nest thermostat, Android TV platform and Android Auto.
However, Apple and Google are facing IoT of competitors in this fragmented space. Amazon devices dominate the smart speaker market, and their virtual assistant Alexa interacts with a growing list of intelligent devices. Microsoft also entered the marketplace with the help of Cortana devices. The Chinese market is dominated by Baidu, Alibaba and Xiaomi. The struggle between these systems will continue throughout 2018. These technological giants launch more intelligent devices and operating systems to attract users and accumulate their data.
As a result, the demand for low-power IoT chips will grow. That’s why leading chipmakers, such as Intel and Qualcomm, over the past few years have focused on IoT chipsets.
Intel introduced new low-power chipsets, such as Curie, with the size of a button, as well as Edison and Atom Automotive for cars, the size of an SD card, and computer vision chips for autonomous cars and drones. Qualcomm launched Snapdragon Wear chips for carrying, snapdragon Automotive for cars, and Flight Snapdragon platform for the unmanned aerial vehicle.
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Contact the team member to get personal consultation on how to manage and monetize your IoT business from scratch.