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New data from Juniper Research
has revealed that the total number of connected IoT (Internet of
Things) sensors and devices is set to exceed 50 billion by 2022, up from
an estimated 21 billion in 2018.
Juniper’s new research, The Internet of Things: Consumer, Industrial & Public Services 2018-2023,
found that this growth, equivalent to 140% over the next 4 years, will
be driven by edge computing services (the processing of data away from
the cloud and closer to the source); increasing both deployment
scalability and security.
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IBM Tops IoT Vendors
As part of this new research, Juniper has ranked the industry’s leading vendors:
- IBM
- Microsoft
- Intel
- Bosch
- Nokia
It noted that IBM’s breadth of services and investment in its
Watson platform has paid off. However, Microsoft’s tremendous growth in
the enterprise cloud space, its IoT Edge services and AI prowess
highlight an increasingly compelling offer in the market.
Intelligence Moves to the Edge
The research found that the rise of edge computing would be
critical in scaling deployments up, owing to reduced bandwidth
requirements, faster application response times and improvements in data
security.
Juniper predicted that a substantial proportion of the estimated
46 billion industrial and enterprise devices connected in 2023 will rely
on edge computing. Therefore, addressing key challenges surrounding
standardisation and deployment models will be crucial. Research author
Steffen Sorrell added: “IoT at the edge dramatically increases project
scope and value. However, it must be noted that work around
standardisation, interoperability and how to manage the decentralisation
of data processing remain in development.”
IoT Transaction Management Requires Blockchain Innovation
Juniper foresees that consortium-run blockchains or similar
distributed ledger technologies, such as IOTA, will play an important
role in delivering future IoT events or payment transaction management.
However, both approaches presently lack true decentralisation
offered by public blockchains, a key requirement for end-to-end trust.
Juniper claimed that opportunities for blockchain technologies in the
IoT would remain limited until such issues were resolved.
Juniper Research provides research and analytical services to the
global hi-tech communications sector, providing consultancy, analyst
reports and industry commentary.
Source: Juniper Research media announcement
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