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Top IoT app development Trends In 2024

Krupa Trivedi

Marketing Manager

11 min

Content’s Topics

The Internet of Things (IoT) is a network of physical objects connected with sensors, software, and other technologies to transfer and connect data with other devices and systems via the Internet. Between 2020 and 2030, the number of IoT app development trends is predicted to increase almost linearly worldwide, reaching roughly 24 billion enterprise IoT connections.

As we move into 2024, we must be aware of the future IoT app development trends. The rise of mobile app development demand and technology integration.

The Internet of Things (IoT) has rapidly expanded in recent years, with more and more devices becoming interconnected and collecting data.

The growth of IoT devices has prompted the development of innovative mobile applications for remote control and monitoring, with further cooperation expected in the healthcare, transportation, and manufacturing sectors. 

Trends in IoT App Development

Markets of IoT Mobile app

according to Experts prediction it will reach $2,465.26 billion by 2029, compared to its value of $478.36 billion in 2022. This shows an average growth rate of over 26% from 2022 to 2029.

The numbers could have been even higher without the coronavirus pandemic in 2020, which affected demand for smart devices. However, things have stabilized now.

When we talk about IoT app development trends , we must recognize mobile apps. They play a crucial role in connecting IoT devices with users.

These apps help manage, control, and operate connected devices. They also collect and analyze data from smart sensors.

Key Elements in IoT App Development

IoT app development is a significant concept. It covers many factors to create a whole network leading the world. We divided it into four parts to get a deep understanding of how it works. Hardware, Connectivity, IoT platforms, and Data management. Now let’s know it one by one:

Hardware

Sensors: Detect environmental cues like temperature, motion, or heart rate.

Actuators: Perform actions based on sensor data, such as opening windows or controlling water flow.

Boards: Brains behind IoT devices, interpreting data and instructing actuators. Examples include Raspberry Pi or Arduino.

Connectivity

Wi-Fi: High data transfer but power-intensive; suitable for home and office devices.

BLE (Bluetooth Low Energy): Low power, ideal for wearables and short-range communication.

LoRa (Long Range): Designed for long-range, low power, used in agriculture or outdoor applications.

Zigbee: Wireless protocol for low data rates, long battery life, and secure networking.

IoT Platforms

AWS IoT: Amazon’s comprehensive solution ensures device connectivity and security.

Azure IoT: Microsoft’s scalable platform caters to various IoT needs.

Google Cloud IoT: Robust platform with solid AI and machine learning, providing actionable insights.

Data Management

Cloud Storage: AWS S3, Azure Blob Storage, and Google Cloud Storage offer scalable and secure solutions.

Analytics Tools: Tools like Google’s BigQuery, AWS’s Redshift, and Azure’s Stream Analytics sift through data, offering insights to enhance IoT functionalities and user experience.

So, these components and platforms are burning daily and getting sharper in the digital industry. These components harmonize to create a symphony of technological advancement that integrates how trends in IoT app development continuously develop and evolve into our daily lives.

Trends in IoT App Development

Trending IoT App Developments

Edge computing is gaining popularity because it allows faster processing and real-time responses by moving data processing closer to the source.

These advancements allow for the creation of more sophisticated and efficient IoT app development trends that serve a variety of industries, including healthcare, manufacturing, and smart cities. 

Blockchain Technology

The adoption of blockchain with IoT applications is attributed to the fundamentally distributed features of both technologies. The main reasons for adoption are security, data protection, and safe record-keeping technology. 

This combination ensures that IoT devices generate and exchange data in a tamper-proof and transparent manner, enhancing trust and reliability across various sectors such as banking, agriculture, finance, transportation, and more, by transitioning to blockchain technology.

Integrating blockchain with the IoT opens up new possibilities and advancements in development. Forecast to reach USD 2,409 billion by 2026 at a compound annual growth rate (CAGR) of 45.1%, the global blockchain loT market was valued at USD 258 million in 2020. 

The increasing requirement for IoT security, streamlined procedures backed by transparency and immutability, and widespread usage of smart contract and AI-based solutions anticipate a soaring global need for blockchain-based IoT solutions.

Smart Cities Development

Between 2023 and 2028, the smart home industry was expected to generate a cumulative revenue of 96.7 billion U.S. dollars, reflecting a growth of 71.74 percent.

Predictions indicate that the indicator will reach a new peak in 2028, with revenue hitting 231.6 billion U.S. dollars, marking the ninth consecutive year of increases.

Remarkably, the smart home market has shown steady growth in sales over the previous few years.

The Internet of Things (IoT) transforms urban environments, creating smart cities. These cities use data-driven technologies to improve transportation and social services and reduce crime.

Innovative city initiatives could cut fatalities by 80% and assaults by 30%. The Sencorese systems cover every little task, like parking spaces, traffic signals, street lights, and every dustbin in cities. 

With this technology’s help, cities are working fast and trying to make everything automatic.

Data analysis and data collection are the significant advantages of smart cities. By highlighting inefficiencies and areas for development, this analysis gives insightful information about the city’s operations. 

Everything connected to each other’s devices provides more security to the citizens and helps them stay updated with the time zone. The concept of intelligent cities brings change to people and government, where everything will be faster and more advanced in  management and technology. 

IoT Powered with 5G Technology

From 0.4 million in 2020 to 19.1 million units in 2023, the connected automobile segment of the global 5G Internet of Things (IoT) endpoint market is expected to experience significant development.

It is predicted that by 2023, around 49 million 5G IoT devices will be installed worldwide.  Statista predicts that with close to 5 billion 5G subscriptions by 2026, this technology isn’t just a fancy upgrade; it’s the foundational pillar revealing the true potential of IoT. 

5G connectivity will morph to fit specific applications, tailoring performance to individual needs. Imagine apps and services that work flawlessly and perfectly align with your requirements.

5G networks bring about significantly lower latency, ensuring data transmission occurs with minimal delay. This low latency is crucial for real-time responsiveness applications like autonomous vehicles, remote healthcare, and augmented reality

5G Internet introduces the concept of network slicing, allowing the creation of virtual, dedicated slices of the network optimized for specific applications or user groups.

This customization ensures diverse IoT devices with varied requirements coexist on the same network while receiving tailored connectivity services.

The increased capacity of 5G networks accommodates a vast number of simultaneous connections, supporting the proliferation of IoT devices on a massive scale. This scalability is essential as IoT ecosystems continue to expand and diversify.

Traffic Management

Various systems can be automatically adjusted. Traffic lights adapt to changing flows, dynamic route guidance systems steer drivers away from congested areas, and intelligent parking solutions help motorists find available spaces quickly. 

It’s like a traffic orchestra, constantly adapting its performance to the city’s rhythm. 

 

According to insights from McKinsey, cities embracing smart-mobility technologies have the potential to achieve an average reduction in travel times of 15 to 20% by the year 2025.

Imagine a city where sensors are connected everywhere, from pavements to traffic lights and vehicles. These sensors gather real-time data on traffic flow, accidents, parking availability, and weather conditions. 

This symphony of data provides a holistic view of the traffic ecosystem. By deploying sensors, connected devices, and data analytics, cities can gather valuable insights into traffic patterns, identify congestion hotspots, and implement dynamic solutions to alleviate bottlenecks.

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IoT-Empowered AI Applications

It’s true that by 2025, a staggering 64 billion IoT devices are expected to be interconnected, generating massive amounts of data. When AI analyzes this data, it becomes even more valuable, revealing its full potential. The IoT application is the data collector, gathering information from the physical world through sensors and devices.

AI acts as the data interpreter, analyzing this data to reveal patterns, generate insights, and make intelligent decisions. Moreover, IoT and AI can automate processes, decreasing operating costs and simplifying operations, thereby improving cost efficiency in industries.

AI is an advanced and fully automated technology that has changed how we use everything by application and fulfill the lower areas of the applications.

Integrating AI and machine learning in mobile app development and services helps to automate and reduce human interaction. AI makes advanced applications and improves the application’s functionality compared to today’s devices.

Digital Twins

As technology advances and more devices become interconnected, the use of digital twins is expected to explode. We can expect further integration with AI, machine learning, and augmented reality, creating even more powerful and immersive experiences.

With responsible development and ethical considerations addressed, digital twins hold immense potential to revolutionize various industries and sectors, ushering in a new era of data-driven efficiency and innovation.

As more complex entities interconnect and generate data, a digital twin allows data scientists and I.T. professionals to optimize installations for maximum effectiveness. 

Additionally, it facilitates the exploration of various hypothetical scenarios and possibilities.

According to Fortune Business Insights, the global digital twin market reached a value of USD 6.75 billion in 2021 and is anticipated to grow substantially, reaching USD 96.49 billion by 2029.

This forecast indicates a remarkable CAGR of 40.6% during the forecast period. The expansive growth of the digital twin market highlights its increasing relevance in the technological landscape. 

Voice Activated IoT Devices

Statistics show the increasing popularity of voice-enabled devices, with 27% of the global online population using voice search.

Intelligent virtual assistants like Google Assistant, Amazon Alexa, and Apple Siri have powered widespread adoption, making voice interactions more natural and intuitive.

Voice biometrics adds another layer of security by recognizing and verifying individuals based on their unique voice characteristics.

This technology holds promise for secure authentication in banking, access control, and other sensitive applications. Voice interaction is poised to become even more effortless as AI and speech recognition technologies advance.

Integrating other emerging technologies and VR could create more immersive and interactive experiences. 

Responsible development and addressing ethical concerns will ensure everyone benefits from this powerful technology. Imagine controlling lights, thermostats, appliances, and entertainment systems using your voice. 

Voice assistants can assist with medication reminders, health information access, and even telemedicine consultations. Voice-controlled navigation, entertainment systems, and climate control enhance driving safety and convenience.

IoT Security

Businesses are investing in creating robust IoT security solutions to reduce the risks associated with the increasing connectivity of devices. 

These solutions include a range of technologies aimed at fortifying the security of connected devices, networks, and data. As the IoT landscape expands, the need for effective security measures grows, driving ongoing advancements and innovations in IoT security.

The explosive growth of the IoT security market reflects the significant importance of securing interconnected devices in the face of evolving technology. 

As more devices connect, the potential for cyberattacks and data breaches also increases. Using blockchain’s tamper-proof nature for secure identity management, data provenance, and access control holds promise for improving trust and transparency in IoT ecosystems.

Edge Computing

Cloud giants like Dell, IBM, and HPE are developing IoT Edge Analytics with cloud-like features, indicating convergence and expanding ecosystem offerings.

Edge computing empowers businesses to serve customers in new ways, offering greater control, flexibility, and agility. Processing data closer to the source reduces latency, enabling near-real-time applications like remote surgery or autonomous vehicles.
Offer robust security features that can be extended to edge devices, strengthening overall data protection.
Moreover, edge solutions can be designed to comply with industry-specific regulations. This suggests a shift towards a hybrid model where edge and cloud computing synergize to provide comprehensive and scalable solutions.
This approach is particularly relevant for end-of-life marketers looking to maintain a significant presence in the public cloud market. The edge computing market has grown significantly and is expected to expand rapidly, with Statista predicting that global revenue will reach 274 billion U.S. dollars by 2025.

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Metaverse

The metaverse, a virtual shared space merging augmented reality (A.R.), virtual reality (V.R.), and the Internet, is anticipated to become a significant market, with projections from Grandview Research projecting a global market value of $679 billion by 2030.

The metaverse’s applications are poised to span various industries, contributing to its projected growth. Key sectors expected to leverage the metaverse include:
1. Gaming: The metaverse offers immersive and interactive gaming experiences, blurring the lines between the virtual and real worlds.

2. Entertainment and Media: The metaverse provides a platform for innovative and interactive content creation, redefining how entertainment and media are experienced.

3. eCommerce and Retailing: Virtual shopping experiences within the metaverse can transform the traditional eCommerce and retail landscape.

4. Training: Industries such as education and workforce training can benefit from immersive and realistic simulations within the metaverse.
5. Manufacturing: The metaverse can be used for virtual prototyping and simulation in manufacturing processes, improving efficiency and reducing costs.

6. Architecture and Engineering: Professionals in these fields can use the metaverse for collaborative design and visualization, fostering innovation.

The interconnection of IoT devices in the metaverse improves the functioning of these IoT worlds.
As more devices and sensors join the metaverse ecosystem, the opportunity to create seamless and immersive digital experiences grows.

Healthcare Will See Increased IoT Adoption

The 2019 pandemic has spurred the healthcare industry’s transformation, accelerating the adoption of IoT applications to enhance patient care, monitoring, and efficiency.
IoT-connected devices and medical equipment enable remote patient monitoring, especially for chronic conditions, enabling healthcare providers to gather real-time data and make informed decisions.
Mobile apps and virtual assistants transform home healthcare by enabling patients to monitor their health remotely, promoting decentralized care and active participation in their well-being.

Wearables, equipped with sensors and IoT, provide continuous health monitoring, tracking vital signs, activity levels, and other health metrics, enabling proactive healthcare management and early intervention.

The medical world is witnessing a surge in intelligent and connected medical devices. These devices, from smart insulin pumps to connected pacemakers, contribute to more personalized and efficient healthcare delivery.
IoT-generated data and advanced analytics improve healthcare providers’ insights, optimize treatment plans, and enhance patient outcomes. IoT applications in healthcare facilities contribute to smart hospitals and improve operational efficiency and patient experience.

Cost of IoT App Development

When a business thinks of building IoT applications, it must know the cost of developing IoT mobile apps. So here we mention the price as the key factor that affects IoT app development.

BasicIoT apps: These apps, with fewer features and support for a limited device range, may use off-the-shelf hardware. Costs typically range from $15,000 to $50,000.

Advanced IoT app: Comprehensive applications with multiple device integration, sophisticated data processing, advanced UI/UX, and custom hardware may cater to industrial, smart city, or healthcare needs. Costs vary widely, with high-end solutions often exceeding $200,000.

Key factors that affect cost

1. Complexity: The development cost rises with the number of features in your IoT app. Factors like supported devices, data processing requirements, and user interface intricacies impact the overall complexity.

2. Hardware: Interconnected devices drive IoT, making the type and quantity of sensors, actuators, and boards significant cost factors. Custom-designed hardware can further elevate expenses.

3. Software: Apart from the app, additional costs may arise from licensing third-party platforms, premium cloud storage, and specialized analytics tools.

4. Services: Beyond development, ongoing costs include maintenance, updates, support, and training. The nature of the IoT application determines the extent of these services in the budget.

The more complex the interface of an IoT application, the higher the overall complexity and potentially increased costs.

Additionally, the specific nature of an IoT app development trends will determine the extent of ongoing services required, such as maintenance, updates, support, and training.

Conclusion

The future of IoT is not just about connecting devices; it’s about unlocking new possibilities, efficiencies, and immersive experiences.

The landscape is dynamic and promising, from integrating blockchain technology for improved security to the transformative impact of smart cities and the revolutionary potential of 5G-powered IoT.

Additionally, advancements in voice-activated devices, digital twins, and the emergence of the metaverse further contribute to enhancing trends in IoT app development.

Understanding the critical cost factors is essential for businesses considering IoT app development.

Zennaxx, a leading software development company, specializes in creating advanced IoT applications and dealing with complexities of hardware, connectivity, platforms, and data management. Contact us for any development solution-related query or reach out directly at sales@zennaxx.com

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https://zennaxx.com/author/krupa-trivedi/

Krupa Trivedi

Marketing Manager
Krupa Trivedi is a dedicated SEO manager at Zennaxx with over 6 years of expertise in optimizing digital landscapes. With a proven track record, she excels at enhancing online visibility and driving organic growth. Krupa, a strategic thinker, thrives on anticipating industry trends to consistently deliver exceptional results.

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