Juniper Research estimates that, by then, will exceed 46,000 million units, in part thanks to the reduction of unit costs of hardware.
“The Internet of Things: Consumer, Industrial and Public Services 2016-2021” is the name of the new study that has just published Juniper Research, according to which the number of connected IoT devices will reach 46,000 million units in 2021. This will mean a 200% increase compared to this year, thanks in large part to the reduction of hardware unit costs. Specifically, the industrial and public services will be the ones that grow the most in this regard, with an average of more than 24% per year, according to the consultant.
However, the research warned that both providers and end users will face major challenges when considering IoT deployments at scale. “Analytics and database systems are not designed, for the most part, to handle the Big Data 2.0 era that IoT brings,” says research author Steffen Sorrell. To do this, Juniper identifies the key areas where disruption is needed, such as spatiotemporal analytics and intelligent systems capable of operating with less powerful machines (eg, routers).
Likewise, Juniper estimates that, without changing the attitude of some service providers, implementing an IoT project would be too difficult for customers not familiar with the technology. Initiatives such as the Exosite IoT Alliance (a large network of partners) and Rubicon Labs’ flexible business models (pricing based on the value of the data in question) will be fundamental to the market’s progress.
On the other hand, the investigation reveals that the panorama of security threats is widening. DDoS botnet attacks on IoT have become infamous this year, although in the medium term, theft of personal data, corporate data and damage to physical assets will be the primary targets for hackers in the IoT environment.