The document discusses the expected developments in the Internet of Things (IoT), highlighting its vast impact across various sectors since its inception. Predictions for 2023 include the connection of up to 20 billion devices, with significant spending in the sector projected at $1.7 trillion, while outlining trends such as the unification of 5G with IoT, advancements in smart cities, and expansion in education. Challenges like interoperability, encryption issues, and internet reliability are also noted as hurdles for further development.

1. What Can We Expect From
Upcoming Developments In IoT?
Who would have thought about the gargantuan success when Kevin Ashton first coined the
tech- ‘the Internet of Things’ in 1999? And since then this technology has paved its way into
unmatchable success. From healthcare to smart homes, there is no field left that has not been
ameliorated by this technology.
Because of the development, more and more sectors are trying to relish the advantages of
IoT. So let us explore what exactly can we expect from next year onwards. But before that let
us get our basics clear.
What Is the Internet of Things?
The ‘thing’ in IoT refers to any kind of device with built-in sensors, and it needs to have an
ability to collect the data over a network. But that is not all, after the collection, the device is
also expected to transfer the data over a particular network. That too without any kind of
manual intervention.
This embedded technology helps the object to interact with all the internal and external states
and environments, respectively. Every single information helps in building a strong
foundation in the decision-making process.
To be precise, IoT is a simple concept of devices connected with the Internet. After
establishing a connection, this device lets them communicate with each other over the
network. The communication allows the devices to improve their learning from the
experience of other devices. Exactly like humans.

2. What 2023 Has In Store For Us?
Let us get to know a bit more about the technology that expands the capability of connected
devices, to smoothen the process of data transfer.
By 2023:
• Up to 20 billion devices will be connected to the IoT
• A huge chunk of cars will be connected to the IoT
• Global spending on IoT will jump up to $1.7 trillion
Aren’t the stats amazing?
It is true that more than 94 percent of businesses who inculcated IoT in their system have
experienced a return on investment. But in order to initiate the complete adoption, we need to
look into the future.
What Are The Future Trends To Look Out For?
Whenever a budding technology is considered, future possibilities expand. So without any
further ado, let us explore all the future possibilities.
• The Unification Of 5G & IoT
Many experts believe, the introduction of the 5G era will transform all the current wireless
communication methods, especially the ones based on IoT applications. According to
prominent IoT leaders, 5G has the power to initiate the life-changing methodologies in the
upcoming future of IoT designed eco-systems. For example areas like latency, reliability,
scalability, individual control and security.
• Advancement Of Smart Cities
In the era of digitalization, there is a great need to pump-up the rate of development of smart
cities. Therefore, the development of data analytics, automated vehicles, smart grids will
provide an intelligent platform to bring innovation in different sectors. From traffic
management to security and sharing, this tech can help to extract the benefits of every sector.
• Expansion In Education
IoT will win hearts in the education sector, by tailoring the mobile-enabled learning process,
for every student. From pumping up the complete proficiency level to the connection between
the physical and virtual classrooms, IoT is set to make learning more convenient and
efficient.
These are the three major future trends that you need to know about.

3. What Are The Challenges?
This trending technology can help to automate and provide solutions for problems faced by
different industries. For example, health services, agriculture, disaster management, security,
and whatnot.
It is also true that it offers multiple opportunities for telecom system integrators and operators
to ameliorate the revenue funnel. But despite all that, there are a few challenges faced during
the development.
• Seamlessness in enabling interoperability
• Lack of encryption
• No reliability over the internet connection
• The increased power of encryption
Now we have a hint of all the basic sides of the Internet of Things. And in case you still have
any doubts related to the further implication of IoT mobile app development, feel free to
reach out to us.
But till then keep thinking about the business opportunities that IoT will bring us!!!
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