Global IoT Trends Report - 2022
The annual survey of the State of IoT conducted by element14 showed some interesting results in 2022. Companies are engaging in IoT development because they see opportunities to grow their business and establish leadership in their industries, but can’t do it alone. The research showed a growing trend towards working with partners to develop solutions, and a demand for standardisation and interoperability, rather than companies working on their own to develop closed systems.
IoT continues to be deployed in a wide variety of applications. This year, Industry 4.0 remained the primary application, representing the primary market for 18% of the respondents, and we also saw very strong growth in energy management from 10% in 2021 to 16% this year. The increase in energy prices around the globe after the survey closed suggests that energy management could be even more important in 2023.
This year, there was a dramatic change in the attitude to deploying AI in IoT systems. In 2022, engineers are better informed and more willing to deploy AI as they find ways to use it to improve products and increase the RoI of their systems.
There was a slight trend towards custom boards, rather than off-the-shelf SBCs, which could be linked to an increase in the deployment of low-power wireless communications. We also saw a wide variety of sensors being deployed, reflecting a broad range of applications. The huge diversity of IoT applications demonstrates the need for support from vendors, such as element14, that offer a wide portfolio of products – from SBCs to MPUs and wireless communications modules to sensors – so engineers can quickly and easily source the best products for their requirements.