IIoT solutions have come a long way and the market is now moving from the early adopter phase to the early majority phase. Recent research shows growing expectations among IoT users, with individual deployments expected to grow rapidly over the next few years. This means that IoT is becoming an increasingly important part of business operations.
According to 2022's Beecham Research "Getting to Mass IoT Deployment: Challenges and Opportunities" a significant proportion of IoT users currently have deployments of over 500 connected devices, with 26% already having deployments of over 5,000 connected devices. However, the findings also reveal that not far short of two-thirds of the sample expects growth of over 10% of their deployments in the near future, with 22% expecting over 40% growth. This represents a step-change in the development of the IoT market, towards Massive IoT (mIoT). Moving from small deployments to much larger ones is most often not just a matter of increasing the number of connections; it may require starting again on the IoT solution.
Another issue related to scaling IoT deployments is the type of connections. Many forecasts indicate that there will be billions of connected devices, with up to 80% of these being low-cost, low-data-rate connections. In terms of wireless technologies that will be best suited for large-scale future rollouts of IoT systems, the LoRa Alliance has emphasized the importance of sustainability and energy efficiency.
Derek Wallace, VP of Marketing at the LoRa Alliance, highlights the potential for lower-cost sensors to create new use cases and enable the massive scaling of existing ones. LPWA solutions like LoRaWAN, which can last up to 10 years, are ideal for these expanded IoT systems. However, it is important to actively manage IoT deployments to achieve optimal results with minimal cost and impact on the environment. LoRaWAN can support a large number of devices over a wide area with low power consumption, making it ideal for massive IoT deployments.
Furthermore, the report highlights IoT applications most closely associated with ESG (Environmental, Social, and Governance) as examples that are now set for huge growth.
In conclusion, scaling is a significant issue for all elements of IoT solutions, and Webee understands the challenges that come with it. Webee is committed to providing scalable, energy-efficient, and secure IoT solutions that can help its customers take advantage of the opportunities presented by the rapidly growing IoT market.
If you are ready to take the next step don't hesitate to schedule a demo now.
