Explore the top IoT app development trends of 2023 for sustainable business growth. Keep up with the latest technological advancements in the IoT development space to drive long-term market growth.
Table of Contents
IoT Application Development for Business Growth
Comprehensive List of IoT Application Development Trends
Final Say on the Future of Internet of Things App Development
Keeping up with the new things in technology, including the new IoT technology and IoT innovations, has become crucial and hence businesses are looking out for the top IoT application development trends to optimize their development workflows. Data is an important
application development tool when it comes to creating a refined user experience, and IoT sensors and IoT-enabled applications developed correctly can help create meaningful data. This data helps businesses streamline their operations
and consumers improve their quality of life. Likewise, to effectively manage and control IoT devices and smart ecosystems, developing IoT applications is a must.
Mobile IoT applications come in handy to perform a wide range of functions efficiently on the go. A good IoT development platform will not only reduce development time but also help get product into the hands of customers early. This helps reduce both direct and opportunity costs.
IoT Application Development for Business Growth
IoT is crucial for business growth as it enables real-time data collection and analysis, automation, constant connectivity, and insights into a company's systems. It streamlines processes across industries, boosting productivity and supporting business
expansion into new lines of business. Additionally, IoT reduces expenses, enabling companies to invest more in their core values. By integrating IoT into their operations, businesses can optimize processes, reduce costs, and enhance customer experiences through smart devices that enable remote monitoring, predictive maintenance, and data-driven decision-making. IoT applications also facilitate personalized marketing,
empowering companies to stay competitive, expand their market reach, and foster innovation for sustainable business growth.
Comprehensive List of IoT Application Development Trends
Keeping up with app industry trends is important for the growth of IoT app development and finding opportunities to save costs by leveraging the latest innovations in the market and producing a superior user experience. Here is a list of the top IoT application development trends for 2023:
1. Digital Twins
Digital
Twins are one of the top IoT application development trends in 2023 and enable seamless virtual interactions for organizations, services, and customers. It creates virtual replicas for analysis and enhancement, providing real-time insights and boosting productivity. Industries like Urban Planning and Automotive leverage digital twins to improve operations and simulate risk-free environments. With IoT adoption soaring, digital twins integrate with IoT systems to use real-time data, ushering in a tech revolution that bridges the digital-human divide. They empower the creation of virtual towns, communities, and infrastructure.
2. AI and IoT
AI
will help make sense of the vast IoT data and boost its value for businesses. Major cloud vendors like Amazon, Microsoft, and Google will compete based on AI capabilities.
Low-code and no-code AutoML will rise for IoT analytics, along with a focus on security in manufacturing, big data analytics, and machine learning. The integration of AI with IoT is a top trend for 2023. Feeding IoT data to an AI model to help analyze the data trends and predict future demands is one of the most promising trends in application development that is sure to shape IoT app development in the future.
3. Novel Sensor Technology
The
combination of IoT with sensors enhances their impact and use cases, with Gartner predicting further advancements in sensor technology and algorithms. One example is Henkel's sensor experience kit, tailored for IoT engineering across industries, enabling engineers to explore printed electronics for IoT sensor solutions. This technology allows for remote monitoring, improved efficiency tracking, and sustainable resource use. Novel sensor technology is a top IoT trend in 2023. This novel sensor technology has the potential to disrupt the global supply chain industry by reducing lead times and efficiently managing inventory.
4. 5G Automotive Services
The
combination of 5G and IoT will greatly impact the automotive sector, which represents more than half of the 5G and IoT market. 5G automotive services will be a major IoT development trend in 2023. According to Gartner's research, connected cars will increase significantly, reaching 94% in 2028. Electric vehicles will benefit from improved connectivity, leading to better control and performance. 5G will also support EV infrastructure, like recharge stations and efficient route finding. However, some aspects of the automotive business's transformation are still unclear, as customers now seek more than just transportation from their cars.
5. Innovation at the Chip Level for IoT Devices
Specialized
chips are emerging for IoT systems, driven by the acceptance of edge computing and AI. For instance, MediaTek's Genio 700 IoT chipset targets various applications like industrial, smart home, and smart retail and is set to be available by Q2 2023. IoT advancements in chips, connectivity, security, and AI are reducing costs and improving devices. In 2023, innovation at the chip level for IoT devices will be a top trend to watch. Smaller and more efficient processors and wireless components enable connected devices to enter key markets like consumer appliances, cars, manufacturing, and healthcare. Enhanced networks lead to more reliable connectivity, creating demand for interconnected devices.
6. Healthcare and IoT
The
Internet of Healthcare Things is a top IoT trend for 2023, as projected by Forbes. The market for IoT-enabled health devices will reach $267 billion by 2023. The combination of IoT and cutting-edge technologies in healthcare may lead to significant advancements. Post-COVID-19, cloud, IoT, and AI technologies have been used to explore new use cases. The global IoMT market is expected to reach $187.60 billion by 2028, a substantial increase from its $41.17 billion worth in 2020. More connectivity means better healthcare for patients. This creates a tremendous opportunity to build IoT-enabled apps for the healthcare sector to improve overall patient care and experience.
Some of the significant IoT-enabled apps in healthcare include:
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Smart wearables, implants, and ingestible electronics that can monitor patient health and safety.
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Remote physiological monitoring can reduce hospital readmissions and improve care quality.
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Hospital operations management can optimize workflow, resource allocation, and patient satisfaction.
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Glucose monitoring can help diabetic patients control their blood sugar levels.
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Connected inhaler that can track medication usage and alert patients of potential triggers.
7. IoT Security
Ransomware
attacks pose a significant risk as IoT devices become more prevalent, leading to potential disasters. To address this, a robust security system will be implemented to safeguard consumer IoT devices and prevent cyberattacks effectively. IoT Security is a crucial 2023 trend due to the rapid growth of Internet of Things applications in various sectors.
To prevent ransomware attacks on IoT devices, take these steps:
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Update and patch systems to address vulnerabilities.
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Employ secure authentication strategies.
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Enforce the principle of least privilege.
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Regularly back up files.
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Ensure strong network protection.
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Monitor network traffic.
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Prioritize security over connectivity.
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Disable unneeded services or ports on devices.
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Keep all IoT devices, software, and hardware updated.
By following these steps, businesses can protect IoT devices against ransomware attacks.
8. New Interfaces and Experiences for Users
One
of the prominent Internet of Things trends in 2023 is the rise of new interfaces and experiences for users. This growth is driven by innovative interfaces that offer improved user experiences and present fresh challenges. Notably, virtual assistants have gained popularity, with various digital assistants being integrated into homes. Devices like Amazon Alexa are excellent examples of how NLP technology plays a crucial role in enhancing user-device interactions. These advancements bring opportunities and challenges, with a focus on security, privacy, and standardization. One such IoT standard called Matter, formerly known as Project CHIP, provides a seamlessly connected user experience. The future promises an interconnected world where smart devices seamlessly cater to consumer needs.
9. 5G for 24x7 Connectivity
5G
enables transformative IoT applications with numerous innovative use cases. It offers low latency and expanded networks, reaching 10 times more devices per square kilometer than 4G, and speeds ten times faster than 4G. This advancement facilitates remote patient treatment, media-rich presentations from home, autonomous driving, smart grids to eliminate blackouts, connected sensors for parking and safety, and remote patient health monitoring. A significant IoT trend is the use of 5G for 24x7 connectivity in 2023. Enterprises benefit from network slicing for private networks, enhancing data management, integrity, and access. The rollout of 5G networks drives productivity and efficiency improvements across industries.
10. The Power of Edge Computing
IoT
edge computing processes data at the edge of the network or near devices, solving latency issues, improving network bandwidth, and enabling faster responses and local decision-making. It enhances safety, operational efficiency, and the user experience. The power of edge computing has quickly become one of the top IoT application development trends in 2023. IoT edge computing can function with a cloud or a centralized data center and even offline when a network connection is lost. Edge computing allows IoT devices to generate, store, and analyze data at the source, enabling autonomous operation and direct communication between devices without centralized processing. The main advantage is improved IoT performance, as edge computing maintains scalability and flexibility while significantly reducing latency compared to traditional cloud environments.
Final Say on the Future of Internet of Things App Development
In conclusion, the future of IoT app development looks bright, with many exciting trends to watch in 2023. Digital twins will allow businesses to bridge the gap between the real and virtual worlds, while AI and IoT will help businesses extract more value out of their ever-growing volumes of data. Novel sensor technology will continue to impact all components of the IoT model, while 5G automotive services will open the door for more devices and data traffic.
Innovation at the chip level for IoT devices will continue to drive progress, while healthcare and IoT will see increased adoption.
Security remains a top concern for IoT devices and applications, while new interfaces and experiences for users, such as Voice User Interface (VUI), will become a reality. Edge computing will make it easier for businesses to process data faster and closer to the points of action, while blockchain in the IoT will see increased proliferation. With all these trends and more, there is no shortage of innovation in the field of IoT app development. Developer communities keen on keeping up with the latest trends rely heavily on attending some of the top
app development conferences and taking up app development certifications for a better future.