Top 12 IoT Mobile App Development Trends

Summary: The idea of the Internet of Things, or IoT, has become one of the main factors in developing the digital platform in today’s increasingly interconnected society. According to the survey, there are over 17.08 billion IoT-connected devices in the world. This amazing figure illustrates the Internet of Things’ (IoT) tremendous potential and quick growth.

IoT app development services are now a mandatory thing for modern businesses to get a competitive edge in the market, not an option.

By 2030, there will likely be 29.42 billion Internet of Things (IoT) devices worldwide, up from 17.08 billion in 2024. It is evident that the IoT industry is growing, as the market value reaches $714.8 billion in the same year.

According to the IoT Analytics State of IoT Summer 2024 study, there were 16.6 billion linked IoT devices by the end of 2023, a 15% growth from the year before. By the end of 2024, there will be 18.8 billion devices, a 13% increase, according to the prediction. According to estimates, there will be 40 billion connected IoT devices by 2030.

What is IoT Applications?

The term “Internet of Things” (IoT) app describes software that enables users to communicate with and manage linked systems and objects. These applications bridge the gap between the user and the Internet of Things network. They make it possible to remotely administer, watch over, and analyze a variety of internet-connected devices.

For example, take a smart home system. In this case, an IoT app development tool might let users manage security systems, lighting, heating, and other linked equipment directly from their tablet or smartphone. All devices communicate, exchange data, and react to user orders through the app, which serves as a central interface. The automation of routine processes improves productivity and convenience.

The Future Trends of IoT App Development

Let’s examine how interest in IoT is continuing to rise as the globe transitions to the next stage of technological innovation. Numerous companies across various sectors are beginning to recognize the possibilities of developing IoT apps.

IoT apps are transforming how we interact with our surroundings and do business, from automated processes in manufacturing industries to home automation, such as smart homes, which feature gadgets that connect to the Internet.

Check out the Sectors where IoT solutions have affected:

• Manufacturing: According to the study, almost 35% of manufacturers, are at the forefront of IoT solution adoption for supply chain optimization, quality assurance, and predictive maintenance.
• Healthcare: Due to rapid expansion, 30% of healthcare service providers currently use IoT devices for real-time health data analytics, smart medical devices, and patient remote monitoring.
• Logistics and Transport: An estimated 25% of businesses in the transportation and logistics sector employed IoT for managing vehicles, real-time monitoring, and route optimization.
• Energy & Utilities: About 20% use it for predictive maintenance, energy consumption monitoring, smart grid management, etc.
• Retail: 15% of retail chains are adopting IoT for smart store solutions, customer-centric experiences, and stock management.

After learning about the rise of IoT trends, let us have a look at top IoT trends in 2024

Top 12 IoT Trends

1. 5G- Powered IoT Applications

5G is transforming IoT app development by offering faster speeds, lower latency, and improved connectivity. This allows real-time data transfer, making IoT mobile applications more efficient and responsive. From smart manufacturing to autonomous vehicles, 5G enhances capabilities by supporting a huge device network. It is especially revolutionizing in sectors including healthcare, where real-time remote monitoring and surgeries are becoming more reliable. The high bandwidth and ultra-low latency of 5G also empower advanced IoT applications, making them a cornerstone of future innovations.

2. Edge Computing

According to Statista, edge computing has developed into a sizable and quickly growing business, with global sales predicted to reach $274 billion by 2025.

The term “edge computing” refers to a new computing paradigm that includes a variety of devices and nearby networks. The goal of edge computing is to analyze data as close to its source as possible, enabling higher processing volumes and rates and producing more actionable results instantly. In the highly competitive world, this innovation facilitates the emergence of new business models.

3. AI-Driven IoT Applications

In 2024, AI-powered Internet of Things (IoT) applications will become a reality. IOT devices can now evaluate vast amounts of data in real-time thanks to AI, which facilitates predictive maintenance services and smarter decision-making. With a projected 41 billion IoT devices by 2027, these smart devices will play a crucial role in increasing productivity and automating processes in a variety of industries, including manufacturing and healthcare. Furthermore, these artificial intelligence systems could aid in resource allocation optimization while also offering individualized customer support.

4. Digital Twins

Digital twin technologies, which create virtual versions of actual assets, systems, or processes utilized in a variety of industries, including manufacturing, healthcare, and smart cities, have become more and more popular as a result of IoT industry developments. The worldwide demand for digital twins is anticipated to reach $259.32 billion by 2032 as a result of the demands of complicated system administration. Businesses can use digital twins to visually test and recreate scenarios, which lowers costs and improves decision-making.

Fortune Business Insights estimates that the worldwide digital twin market would reach USD 96.49 billion by 2029, with a compound annual growth rate (CAGR) of 40.6% from its 2021 valuation of USD 6.75 billion.

Digital twin technology has brought together data analytics, artificial intelligence, and the Internet of Things.

5. Blockchain for IoT Security

One of the key developments in IoT is the potential for blockchain technology to improve the level of security in IoT security systems. Data security and integrity are crucial in all industries, including supply chain management, healthcare, and finance, which depend on tamper-proof records kept on decentralized ledgers. This is because the number of devices linked to the internet is growing at a rapid pace. Due to its growing popularity as a transparent and safe way to manage IoT data.

It is predicted that the worldwide blockchain IoT market is expected to expand by $2.409 billion by 2026.

Blockchain is a distributed and decentralized ledger technology that is currently starting to replace almost every application in banking, finance, agriculture, transportation, and other industries. Combining this technology with another, like the Internet of Things, makes such improvements conceivable.

6. Smart Cities

A key factor in the growth of smart cities is the way the idea is changing in parallel with IoT industry trends. The use of Internet of Things tools and technologies has made it feasible to enhance traffic control, public safety, and the effective use of resources like water and electricity in urban settings.

According to McKinsey, smart city projects could lower assault and robbery rates by 30% and mortality by 80%.

The upcoming decades will see a greater level of adoption of these systems due to rising rates of urbanization. With real-time heat mapping technologies that optimize resource allocation and enhance public safety, IoT app development companies like Concetto Labs help smart cities flourish.

7. IoT-Enhanced Healthcare

IoT technology trends and applications are reshaping the healthcare sector, making it one of the sectors with the quickest rate of technological growth. Hospitals are using more IoT-connected devices than ever before, many of which are ready for personal care systems, telemedicine, and remote monitoring.

Forbes research report on Healthcare Tech Trends 2021 states that the integration of artificial intelligence and Internet of Things technology within medical facilities, known as IoMT or Internet of Medical Things, allows for the analysis of patient health data in real-time, ensuring better outcomes through insight based on data.

According to projections, the IoMT market will make a substantial contribution to the broader IoT environment by 2025, improving the efficacy and efficiency of AI healthcare services.

8. IoT Security

The likelihood of cyberattacks increases with the number of connected gadgets we own. This means maintaining up-to-date software and implementing robust encryption techniques in conjunction with secure communication protocols. Advanced security solutions that can preserve confidentiality and information integrity will become more and more necessary as IoT industry trends continue to grow.

According to a study, the enterprise IoT market was worth $269 billion in 2023, representing a 15% increase from the previous year. According to projections, growth will decrease in 2024, dropping down to 12% before picking up speed again in 2025. A survey by Statista projects that the IoT security market will grow from 34.2 billion in 2022 to 38.7 billion in 2023.

It all has to do with the growing number of connected devices that need to be extremely secure. Therefore, IoT security will be more important than ever in the next ten years, which is why these IoT device security statistics are not surprising.

9. Metaverse Integration with IoT

The metaverse, a virtual world where people can interact with digital settings and other people, is one of the main emerging concepts in the Internet of Things for 2024. IoT mobile app development and metaverse integration would open up new possibilities for gaming, entertainment, and retail, among other industries, transforming them into fully immersive experiences that conflate virtual and real worlds.

The Grandview Research projects that the worldwide metaverse market would grow to $679 billion by 2030.

IoT is essential to the Metaverse system, which depends on it to function as best it can. The interaction between the Metaverse and the Internet of Things will most likely open up new opportunities for the tech sector to flourish and expand.

10. Mobile Wallets and Payments

IoT is enhancing mobile wallets by enabling seamless, secure, and contactless transactions. Connected devices like smartwatches and IoT-enabled payment terminals provide convenience in everyday transactions. IoT also supports emerging trends like voice-based payments and biometric authentication. As the digital market grows, IoT ensures a secure and frictionless experience for consumers and businesses alike.

11. Traffic Management

Today’s Internet of Things (IoT) developments indicate that IoT technology can help with global problems including traffic and blockages. In an effort to eliminate unnecessary traffic and congestion, several firms are now offering plans and solutions that make use of IoT-installed technology in cars and traffic systems to create more intelligent traffic networks.

As per McKinsey study, by 2025 cities that adopt smart-mobility technologies could reduce commute times by 15 to 20% on average, with some individuals benefiting from significantly larger reductions.

As a result, following ten years of experimentation, cities, and leaders are finally understanding that smart-city policies are impossible without the support of reliable technology like the Internet of Things.

12. Voice Activated IoT Devices

Voice-activated IoT devices are among the newest and most advanced IoT developments, providing a simple method for people to interact with technology without having to touch it. Popular gadgets like the Amazon Echo, Google Assistant, and Apple Siri are being used in a variety of industries, including banking, healthcare, and home automation.

As per reports from Think, Google- indicates that 27% of people who use the internet worldwide do it via voice search on their mobile devices.

The emergence of voice biometry and sophisticated speech recognition technologies suggests that voice-activated Internet of Things devices will be a part of our future. The user experience will be smooth and customized as a result.

How to Choose An Appropriate IoT Mobile App Development Company?

To choose the proper IoT app development company, evaluate their expertise in IoT technologies, including sensors, connectivity, and cloud platforms. Reviewing their portfolio is another important thing that one must consider. Prioritize companies with strong security, practices, scalability solutions, and client testimonials. Effective communication, support, and post-development services are required for a successful partnership and enhanced outcome.

Final Words

IoT mobile app development is one of the most exciting domains at present, which is on the verge of a tremendous technological advancement that will enable companies to transform their productivity and build new value propositions. Working with an experienced IoT app development company is becoming increasingly important as the IoT field continues to evolve.

In the same way that new trends must be followed and best practices must be adopted to get the most out of IoT technology, challenges should never be avoided since they offer new possibilities that must be found. IoT app development is the key to stepping into a new era, whether you are a start-up looking to transform established sectors or, conversely, a large corporation looking to improve its performance.