IoT solutions designed to assist organizations in predicting and reacting to disruption from multiple sources will undoubtedly continue to be a source of significant innovation throughout 2022 and beyond.
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The Future of IoT Technology in year 2022
1. Extentia, a Merkle Company | Confidential | www.extentia.com
THE FUTURE OF IOT
TECHNOLOGY IN YEAR
2022
2. Extentia, a Merkle Company | Confidential | www.extentia.com
• Pandemic has accelerated the growth of IoT
connected devices, and the trend will continue
further
• Ericsson stated that around 29 billion IoT-
connected devices are forecast by 2022
• The future years would also reevaluate IoT and
more robust security features, starting with
initial device design through business selection
and implementation
• According to a report by Microsoft, IoT
adopters believe they will see a 30% ROI,
including cost savings and efficiencies, two
years (2023) from now
• The IoT data will soon drive Machine Learning
and Artificial Intelligence initiatives across
many industries
Future Scope of IoT
3. Extentia, a Merkle Company | Confidential | www.extentia.com
• Smart Cities
• 5G
• Smarter Cars
• Behavior Tracking
• Customer Service
• Tracking Location
Emerging Trends of IoT
4. Extentia, a Merkle Company | Confidential | www.extentia.com
• City establishments and
companies are looking to
establish smart cities to automate
requests and improve
sustainability and quality of life
• As per a report, smart city
technology spending will reach
$158 billion by 2022
Smart Cities
5. Extentia, a Merkle Company | Confidential | www.extentia.com
• 5G is considered the foundation for
recognizing the full potential of IoT
• It will spur innovation across industries and
sectors to enable IoT to become integral to
our everyday life - personal or business
• A high number of 5G IoT devices will
connect directly to the 5G network, which
is much more than fast downloads
• Its unique combination of high-speed
connectivity, exceptionally low latency, and
universal coverage will support smart
vehicles and transport infrastructures such
as connected cars, trucks, and buses
5G
6. Extentia, a Merkle Company | Confidential | www.extentia.com
• IoT impacts car manufacturers and
users in the automotive industry. With
the adoption of 5G
• There will be further innovation in
driverless cars and connected vehicles
already on the road. The upcoming car
system will analyze and connect the
data with other IoT devices
• Implementation of IoT for
manufacturing of cars will:
• Speed up the manufacturing process
• Help avoid financial losses, and
• Ensure higher industrial safety standards
Smarter Cars
7. Extentia, a Merkle Company | Confidential | www.extentia.com
• The IoT-enabled devices will offer
many benefits for better mental
health and more robust security
• IoT driver behavior management
solutions will monitor driving
practices to increase safety and
efficiency in the vehicle operation
• They will track the fatigued driver,
leading to fewer accidents. It will
also help optimize driving
performance to increase fuel
efficiency and lower fuel costs
Behavior Tracking
8. Extentia, a Merkle Company | Confidential | www.extentia.com
• IoT devices can efficiently report
problems to customer desks
• Redefining an overall better
customer experience, IoT's smart
stores' facility to buy things
without any physical contact in
the future is remarkable
• When dealing with multiple
variants of viruses, such
technology reinforces social
distancing features
Customer Service
9. Extentia, a Merkle Company | Confidential | www.extentia.com
• The supply chain businesses can
be strengthened by tracking
inventory movement between a
company, its suppliers, and its
customers to know where delays
occur
• Leads to improved facility and
efficiency of workforces
Tracking Location
10. Extentia, a Merkle Company | Confidential | www.extentia.com
• IoT Magazine reports that 'nearly all IoT
adopters - 97% - have security concerns and
38% cite complexity and technical challenges in
using IoT’
• It has been noted that Botnet-powered
distributed denial of service (DDoS) attacks
have used infected IoT devices to bring down
websites
• Such incidents lead to incorrect access control
and applications being vulnerable. This could
be reduced by taking security measures such
as encryption
• Despite IoT being an advanced technology,
there's room for improvement in this
technology to provide solid security to users
Scope Of Improvement in IoT
11. Extentia, a Merkle Company | Confidential | www.extentia.com
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