The number of global developers building apps for the Internet of Things (IoT) rose 34% year-over-year (YoY), according to a new study from Research and Markets.
There are now more than 6.2 million IoT-focused global developers, the study found. This number is expected to increase globally on a yearly basis as more devices — including smart homes, connected cars, and wearable devices — are connected to the internet.
Here are the key takeaways from the study, which investigated developer populations across North America; Asia Pacific (APAC); Europe, Middle East, and Africa (EMEA); and Latin America:
- Smartphones are still the most common IoT platform: The number of developers focused on building IoT apps and services geared toward smartphones increased 14% YoY. This basis in smartphone app development will be beneficial moving forward. It’s suspected that the rapid growth in IoT development is because developers are able to leverage existing knowledge from building apps for the cloud and mobile space.
- APAC will be the fastest-growing global region: It’s estimated that the APAC market will see 900,000 more developers than the EMEA join the space by 2021. Developers from China and India — the first- and second-largest smartphone markets globally — will drive this growth over the next few years.
- Developers are building for more niche areas: Rather than creating more traditional apps and services, developers are investigating less-popular areas to build apps for, such as those found in the industrial sector. As businesses continue to turn to mobile solutions, having developers building specifically for their connected devices, such as in healthcare, will be a necessity.
The IoT Revolution is picking up speed and when it does, it will change how we live, work, travel, entertain, and more.
From connected homes and connected cars to smart buildings and transportation, every aspect of our lives will be affected by the increasing ability of consumers, businesses, and governments to connect to and control everything around them.
Imagine “smart mirrors” that allow you to digitally try on clothes. Assembly line sensors that can detect even the smallest decrease in efficiency and determine when crucial equipment needs to be repaired or replaced. GPS-guided agricultural equipment that can plant, fertilize, and harvest crops. Fitness trackers that allow users to transmit data to their doctors.
It’s not science fiction. This “next Industrial Revolution” is happening as we speak. It’s so big that it could mean new revenue streams for your company and new opportunities for you. The only question is: Are you fully up to speed on the IoT?
After months of researching and reporting this exploding trend, John Greenough and Jonathan Camhi of BI Intelligence have put together an essential report on the IoT that explains the exciting present and the fascinating future of the Internet of Things. It covers how the IoT is being implemented today, where the new sources of opportunity will be tomorrow and how 16 separate sectors of the economy will be transformed over the next 20 years.
The report gives a thorough outlook on the future of the Internet of Things, including the following big picture insights:
- IoT devices connected to the Internet will more than triple by 2020, from 10 billion to 34 billion. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 billion.
- Nearly $6 trillion will be spent on IoT solutions over the next five years.
- Businesses will be the top adopter of IoT solutions because they will use IoT to 1) lower operating costs; 2) increase productivity; and 3) expand to new markets or develop new product offerings.
- Governments will be the second-largest adopters, while consumers will be the group least transformed by the IoT.
And when you dig deep into the report, you’ll get the whole story in a clear, no-nonsense presentation:
- The complex infrastructure of the Internet of Things distilled into a single ecosystem
- The most comprehensive breakdown of the benefits and drawbacks of mesh (e.g. ZigBee, Z-Wave, etc.), cellular (e.g. 3G/4G, Sigfox, etc.), and internet (e.g. Wi-Fi, Ethernet, etc.) networks
- The important role analytics systems, including edge analytics, cloud analytics, will play in making the most of IoT investments
- The sizable security challenges presented by the IoT and how they can be overcome
- The four powerful forces driving IoT innovation, plus the four difficult market barriers to IoT adoption
- Complete analysis of the likely future investment in the critical IoT infrastructure: connectivity, security, data storage, system integration, device hardware, and application development
- In-depth analysis of how the IoT ecosystem will change and disrupt 16 different industries