The Internet of Things market has grown from a vision to a reality over the past two decades, changing how we use technology and the planet. Technological advances and changing customer needs have catalyzed its maturity.
IoT adoption and integration have increased over the past five years due to many trends. Consumer demand for ease, security and energy economy drives smart home gadget sales. Today's homes are full of IoT devices from smart thermostats and lights to connected appliances and security cameras. Most homes and apartments in the United States contain an average of
The incorporation of AI capabilities is another significant development in IoT. As IoT devices create massive volumes of data, AI algorithms are being used to extract actionable insights and enable predictive analytics. IoT systems use machine learning and deep learning to predict events, detect abnormalities and optimize real-time decision-making. Therefore, IoT devices can now 'anticipate' what a user would wish to do or accurately forecast when equipment will fail.
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