As one of the most popular information technologies at present, the Internet of Things has become the original driving force for social development. According to the data of the Ministry of Industry and Information Technology, by the end of 2022, my country has initially formed a pattern of coordinated development of narrowband Internet of Things, 4G and 5G networks, and the network coverage capacity continues to improve. It is expected that the role of the Internet of Things in my country's economic development will become increasingly important in the future. Therefore, it is wise to pay attention to the development trends in the field of Internet of Things. The following will list three major trends worth paying attention to in the field of Internet of Things in 2024.

1. IoT Market

The expansion of the market size is a trend that cannot be ignored. With the continuous development and popularization of IoT technology, its market size is continuing to expand. According to market research, the national IoT market size is expected to reach an astonishing figure in 2024, showing the strong growth momentum of the IoT industry.

Its technological integration and innovation are also important directions for the development of the Internet of Things. As a new technology integration industry, the Internet of Things is deeply integrating emerging technologies such as cloud computing, big data, artificial intelligence, and 5G. The integration of these technologies not only provides more powerful technical support for the Internet of Things, but also promotes the application and expansion of the Internet of Things in more fields.

2. IoT Security

In fact, the more devices connected in an environment, the more vulnerable they are to cyber attacks. According to the current development trend of the Internet of Things, the number of devices is expected to explode in 23 years. Therefore, enterprises, equipment manufacturers and security experts need to step up their efforts to combat "malicious actors" and minimize their chances of obtaining valuable user data. Some well-known attack methods, such as phishing attacks, rely on social engineering to trick users into revealing access details. Such attack methods can be prevented by taking basic precautions. Security measures are one of the essential means to protect network security.

3. IoT Application Scenarios

Families have the need for air conditioning, electric heaters, solar water heaters and other IoT products.
Retail environments have the need for vending machines, direct drinking water machines, automatic coffee machines, claw machines and other products.
Offices have the need for air conditioning, commercial purifiers and other products.
Vehicles have the need for tank trucks, garbage trucks, ambulances and other products.
Cities have the need for sewer combustible monitoring, manhole covers, street lights and other products.
External environments have the need for rail welds, highway informatization and other products.

The Internet of Things has been happening all the time, and many businesses are old businesses. This wave of the Internet of Things is mainly in smart homes and the concept of industrial Internet (mainly the idea of equipment operation and maintenance).

Some people say that this wave of the market may have two camps of winners (Predix with industry attributes is directly ignored here).

One is a third-party platform company like Predix, thingworx, C3IOT, etc.

The other is a mature cloud computing manufacturer, Amazon, Alibaba Cloud, Baidu Cloud, Microsoft, etc.

At present, at least Baidu and Alibaba have already made clear investments in the layout of the Internet of Things. However, it mainly starts from the consumer level. The main breakthroughs are similar to the human body, family, retail, etc. As for larger industrial scenarios, it is still difficult to cut into them.

In short, no matter what, everyone is currently scrambling for various application scenarios.

With policy support and industrial collaboration, it is also an important factor in promoting the development of the Internet of Things. Governments and enterprises in various countries attach great importance to the development of the Internet of Things, and have issued relevant policies and plans to strengthen industrial collaboration and innovative cooperation, and jointly promote the rapid development of the Internet of Things industry.

The development trends of the Internet of Things in 2024 cover many aspects, including market expansion, technology integration and innovation, security and privacy protection, application scenario expansion, policy support and industry collaboration. These trends not only demonstrate the huge potential and broad prospects of the Internet of Things industry, but also point out the direction and goals of the future development of the Internet of things.