Connected sensors are a crucial component of Internet of Things (IoT) solutions, and the market is experiencing dynamic growth across various verticals. According to Future Market Insights, the primary driver of the connected sensor market is a direct result of companies making larger investments in sensor devices that provide real-time information and services for businesses.
By 2021, more companies will seek holistic connected technologies to better oversee and enhance the implementation of IoT devices. With the development of higher bandwidth and connectivity solutions, LoRa devices and the LoRaWAN open protocol will complement and fill the gaps left by traditional networks such as Wi-Fi and Bluetooth. With smart sensors, developers can build solutions to quickly create applications, thus meeting individual needs at a faster deployment speed.
This year, IoT-based solutions utilizing connected sensors will impact numerous industries, and we need to rethink how to leverage remote and low-power technologies within business models.
Trend One: Asset Tracking
As supply chain risk management becomes increasingly critical, creating smarter and more efficient asset management solutions will be a priority in 2021. Geographic positioning, network connectivity, and transceiver capabilities need to be integrated into a single device, leading to cloud solutions that enable more advanced integration. This enhances flexibility, reduces costs, lowers power consumption, and shortens timeframes.
By 2020, asset tracking solutions will help eliminate uncertainties surrounding the pandemic and improve safety through more advanced monitoring and tracking applications (such as contact tracing, traffic detection, and proximity sensing). Such use cases will alleviate some uncertainties in health and wellness, allowing individuals and healthcare professionals to better utilize resources and improve efficiency.
New asset tracking systems support both indoor and outdoor solutions, offering higher returns on investment (ROI), lower equipment and infrastructure costs, and are expected to drive significant transactions this year.
Trend Two: Smart Homes
The smart home market is transitioning from fancy applications to devices that enhance the efficiency of practical use cases.
Previously, consumers bought products they thought were cool, but now they need solutions that deliver tangible benefits. For example, more homeowners will start using sensors for motion tracking, door lock management, garage door monitoring, gas/water valve usage, leak detection, and power outlet monitoring.
By 2021, the demand for smart sensors that provide homeowners with instant insights into their home’s efficiency will continue to grow. The most significant feature consumers will need in the future is interoperability. With IoT devices equipped with smart sensors, consumers will continue to want to link their smart home applications together.
At the same time, with the ongoing growth of the smart home market, consumers want the freedom to purchase products from any manufacturer and then be able to connect them together.
Trend Three: Smart Utilities
By implementing smart utility infrastructure composed of sensors and gateways that utilize remote low-power technologies, utility and metering companies can collect data remotely and use personnel more efficiently to streamline operations. Connected sensors hold significant value for the utility market, enabling flexible and cost-effective deployment and/or utilization of private and public networks, as well as interoperability that helps develop the smart meter market.
With technology providing real-time data and bandwidth capabilities to support numerous connected devices, enhancing system resilience, reliability, and security while saving costs, utilities will become smarter.
As more industries turn to smarter, sustainable, and reliable sensor-based solutions for metering and other smart applications, companies deploying IoT sensor technology will become early leaders in the field.
With the arrival of 2021, the demand for simplified, flexible, and user-friendly IoT devices is growing, encouraging widespread connectivity access.With so many connectivity options, smart sensors will help businesses and consumers maintain secure and reliable connections between devices and servers.
This article is reproduced from China Security Industry Network, image source from the internet.
