April 14 11:00
The promise of the IoT market has been growing for the last 15 years, with many market analysts predicting that we would reach 50 billion devices by the magic year 2020. Now the reality is a little more conservative (we’re about 41 billion devices short of the forecast). Has IoT failed to live up to its promise? No, but the industry is evolving in a radically different direction to the one predicted a decade and a half ago.
So what are the main barriers to IoT adoption that are preventing the industry realising the hype of the mid-2000s, and how should the industry adapt to them? Libelium’s CEO, Alicia Asín, explains concepts such as the hyper fragmentation of the market, the relevance of the hardware, the management of the obsolescence, the security versus the privacy and what to expect from the IoT market after Covid.