The Internet of Things (IoT) has penetrated across industry verticals from healthcare and retail to hospitality, manufacturing, logistics, financial service, and many more. In the last few years, there has been an exponential rise in IoT-powered devices. According to a report by Statista, IoT devices across the world are predicted to triple from 8.74 billion in 2020 to over 25.4 billion in 2030. This promising technology is poised to shape the future of mobile application development. Before we dig deeper to find out how this technology is the future of mobile application development, let’s quickly understand what exactly IoT is.
What Is IoT (Internet of Things)?
The Internet of Things (IoT) is a giant interconnected network of physical objects that are embedded with software and sensors that enable them to exchange data with other devices over the Internet. IoT is no longer a buzzword, it has been around for over a decade and today this modern technology is leveraged by businesses of all sizes to boost productivity, improve customer service, optimize cost, better asset utilization, enhance safety and network security, and historical analysis. Now, let’s take a peek at how the Internet of Things (IoT) is shaping mobile app development.
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