Internet of Things Trends to Look Out for 2019

As Internet of Things (IoT) development continues to grow rapidly, so do the possibilities of what you can do with the network. According to a new report, these are the IoT trends you need to be aware of for 2019.

Bundle Offers

Companies will begin offering subscriptions on their IoT services, such as Verizon Hum which is an auto service that combines roadside assistance, maintenance and driver monitoring for a certain price per month. We’ll definitely see discounted subscription prices in effort to increase users. For example, remember when Netflix was $5.99 a month or when Uber rides were half the price than what they cost now?

Descriptive Over “IoT” Term

We will see less use of the term “IoT” and instead see companies use words that describe solutions and outcomes for businesses or consumers. For example, “real-time asset performance monitoring,” which would be a combination of IoT, data, analytics, workflow, process and insights.

IoT and Cloud Partnerships

As IoT platforms focus on specific uses and increasing integration with enterprises, clouds will compete to form partnerships with IoT platforms. Just like PTC did with Microsoft earlier this year to accelerate their digital transformations in IoT.

Cybercrime On Smart Cities

There are IoT networks in the form of smart homes, cars and watches, there is growth in smart city implementations, which would be the control of everything from traffic lights to public transportation. Although this is super cool, the potential vulnerable and insecure connected devices will increase the chance of cybercrime most likely in the form of ransomware. You can expect disruption in the daily life of citizens and as a result more investment in cybersecurity.

IoT Managed Services

There will be an introduction of IoT “run” offerings through a market that will help manage, monitor and operate the many IoT networks, devices and assets. The offerings of this market will focus on the many smart products, networks and platforms to enable IoT solutions. You can expect IoT stakeholders to sign deals with outsourcing providers for these offerings.