There will increasingly be more connected real-time health care services in 2021. According to the latest estimates by Allied Market Research, by the end of the next decade, the global Internet of Things (not) market in health care will be worth more than $136 billion. This will enable providers, manufacturers and healthcare centers to conduct better monitoring and trace potential problems early on in the course of illness. The use of sensors and actuators will enable greater real-time tracking of patient oxygenation, pulse rate, temperature, and blood oxygen saturation. Real-time data from sensors connected to an IoT device can also be fed into a centralized data platform that allows researchers to map the condition and identify risk factors associated with certain diseases.
Smart manufacturing will be the major focus in the future, according to the IoT Trends. Traditional factories will become obsolete as factories are converted to "smart manufacturing" factories where automated machines do most of the work. Industrial fabrics and gels, printers, and other factory equipment will run via wireless Internet connections instead of wires. Robots will do most of the heavy lifting by picking products, packing them, and loading them into trucks.
Internet of Things technologies will also expand to smart devices such as digital signage and mobile apps. With the increasing complexity of smart devices, software developers are finding it difficult to create robust applications for these devices. Smart manufacturing will make it possible to design products that are more flexible and require minimal training. In addition, the Internet of Things will allow organizations to share sensor data more effectively.
The IoT will continue to expand and improve over the next few years. According to a recent study from Oxford University, millions of dollars will be invested in this field over the next five years. The largest investment will go towards the development of ecosystems around smart home technologies. This will allow manufacturers to create devices tailored to their individual customers' needs. Smart devices will enable individuals to make informed decisions regarding their health, home security, and car care.
Cloud-based real-time systems will enable the Internet of Things to transform the way we live. According to IoT Trends, investments in cloud-based real-time systems will continue to grow at an exponential rate over the next five years. Consumers will spend more time online but will not be able to access all of their information at the same time. Developers and IT professionals are taking advantage of the real-time capabilities of IoT devices and develop new and creative uses for the technology.