Scale brings complexity as IoT connected devices set to triple by 2021, exceeding 46bn units

New data from Juniper Research has found that the number of connected IoT (Internet of Things) devices, sensors and actuators will reach over 46 billion in 2021.

This 200% increase, from 2016, will be driven in large part by a reduction in the unit costs of hardware. Juniper forecasts that it will average close to the ‘magic’ $1 throughout the period.

Juniper’s latest research, The Internet of Things: Consumer, Industrial & Public Services 2016-2021, found that industrial and public services will post the highest growth over the forecast period, averaging over 24% annually.

However, the research cautioned that both providers and end-users will face tremendous challenges when considering IoT deployments at scale.

“The platform landscape is flourishing”, noted research author Steffen Sorrell. “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 that 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).

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.

Cybersecurity at boiling point

Steffen Sorrell, research author
Steffen Sorrell, research author

Additionally, the research found that the security threat landscape is widening. IoT DDoS (distributed denial-of-service) ‘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, 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 argued that regulatory, corporate and media collaboration would be needed in order to improve the overall threat landscape.

The whitepaper, IoT ~ Internet of Transformation, is available to download from the Juniper Research website together with details of the new research and interactive dataset.

Juniper Research provides research and analytical services to the global Hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

Comment on this article below or via Twitter: @IoTNow_ OR @jcIoTnow

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

OCF celebrates pulse systems’ installation of newly certified IoT platform for smart lighting

Posted on: December 6, 2021

The Open Connectivity Foundation (OCF) has announced the first installation of the recently-certified low power IoT platform, from OCF member Cascoda, that combines the end-to-end security benefits of OCF and the low power, wide-area coverage advantages of Thread.

Read more

Green Custard Ltd develop robust predictive maintenance system for Martin Engineering Ltd

Posted on: December 6, 2021

Green Custard Ltd, a professional services company and AWS Advanced Consulting partner, together with Eseye Ltd (also an AWS partner) has been selected by Martin Engineering Ltd to build a global predictive maintenance and monitoring platform on AWS so their localised US platform can be rolled out internationally.

Read more