Areg Alimian
Sr. Director, Finance and Capital Markets

The Future of Internet of Things

August 7, 2016 by Areg Alimian

The Internet of Things (IoT) exists just about anywhere - in your home, car, and even your body. In the near future, you can expect to see more IoT in several areas of your life. Verizon’s report, State of the Market: Internet of Things 2016, predicts the worldwide IoT market spend will grow from $591.7 billion in 2014 to $1.3 trillion in 2019 with a compound annual growth rate of 17%. Verizon credits an evolving regulatory landscape and growing consumer expectations for the rising adoption of IoT. 

Another report done by the Globe and Mail proposes a list of IoT devices that will change the way we live and work. In the home and office, technologies like the Nest Learning Thermostat can save people up to 20% on energy by “learning” their schedule and programming itself to only be in use when needed. IoT can reduce the congestion and smog in cities with stoplights that have video sensors embedded in them that adjust their colors based on the time of day and traffic. Manufacturing companies are becoming part-time software and analytics companies with new technology sensors that collect data from the factory floor to locate any bottlenecks or problems with production. The future of IoT in vehicles are smart cars like Tesla’s S electric sedan and Google’s self-driving car. Advances in other forms of transportation are also making headway. IoT is particularly prolific in the healthcare business. A new type of sensor can monitor the conditions of at-home patients and communicate it to the patients’ healthcare team. Fitness trackers are also a thriving IoT product in the health industry. In the energy industry, the Smart Grid is the future. The idea behind the Smart Grid is energy that is priced based on demand. The Smart Grid distributes information about energy demand to smart meters, thermostats, and appliances. 

Gartner predicts that by 2017, 50% of IoT devices will be created by companies that are younger than three years old. How carefully have these companies tested their devices’ reliability and security? As the Globe and Mail’s report points out, your dependence on IoT is growing. You deserve to know that your devices will work reliably and securely. 

At Ixia, we believe that IoT success requires more than just a neat device – testing and continuous monitoring is a necessity. IoT begins in the lab. IxVeriWave and IxChariot test IoT device processors, operating systems, and network connections with realistic protocol and application traffic. This allows for vulnerabilities to be found before they cause harm. After testing and deployment, our solutions monitor IoT applications to ensure a seamless operation. 

To learn more about our Internet of Things solutions visit our website.