IoT Technology Growth And Security Trends This Year And Beyond
InformationWeek, March 22nd, 2023
Watch for use of Internet of Things technology to grow dramatically in 2023 and the years to follow in both industrial and consumer-facing applications.
According to the research firm IoT Analytics, there will be 17.2 billion connected IoT devices in the world in 2023, a 19% increase from 14.4 billion in 2022. Plus, the number of IoT devices will increase at a 22% compound annual growth rate from 12.2 billion in 2021 to 27 billion in 2025. Those numbers don't include computers, laptops, fixed phones, cell phones and tablets.
The billion-dollar question is: In which industries and types of IoT devices will the growth be? Based on my observations and those of my colleagues at the ioXt Alliance, which develops and administers security certification programs for IoT devices, we see the following trends in 2023.