It seems as if the Internet
of Things is finally being accepted. According to a new report, by 2024,
there will be a total of 83 billion connections. This is an increase from the
current number which is 35 billion. As such, there will be a growth of 130%
throughout the next four years.
The study was carried out by Juniper Research which revealed that the industrial sector is the
main driver of this growth. According to its forecasts, this expansion will be
a result of the increasing use of private networks that leverage cellular
networks standards. This particular industry, including manufacturing, retail,
and agriculture, will account for more than 70% of all IoT connections by 2024.
The firm released a report titled, “The Internet of Things:
Consumer, Industrial & Public Services 2020-2024”. Along with the previous
findings, it also revealed that there is a recent increase in demand for
private LTE networks. This will carry forward to private 5G networks
since the price of this new tech is going to decrease over the next two years.
Nonetheless, Internet
of Things connections are becoming increasingly complex. As such,
new platforms must be implemented to ensure security across all layers of the
ecosystem. These include devices, connectivity, and the infrastructure itself.
Internet
of Things will become more popular
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