The Internet of Things: Where are we now?
As we are transitioning from one decade to the next, the IoT is crossing into a new phase. Moving beyond the hype, the new phase entails IoT deployments advancing from pilot projects to large scale rollouts and the number of connected devices increasing across the world. At Develco Products, we experience how the IoT develops first-hand, and we want to share our insights with you.
IoT devices proliferating
The IoT has evolved tremendously the past decade. The technologies have advanced, and the number of connected devices has kept growing. The IoT is not only expanding across countries but also across industries. More and more businesses are realizing the potential of the IoT. The increased demand for IoT products has resulted in an 80% growth for Develco Products, and the accumulated number of devices deployed has surpassed 2.5 million. To meet the high demand for the devices, we have welcomed a raft of new employees in 2019.
Customized solutions are paramount
With the IoT spreading across industries, the need for new solutions is rising. Technological advancements enable businesses to move from providing standard systems to giving end-users solutions with desired outcomes. In this sense, the users’ needs are in focus, enhancing their willingness to adopt the IoT. Among the industries unlocking the possibilities of the IoT are home care and home security. The home care industry is a growing market due to the increasing need to solve demographic challenges, and home security businesses use IoT products to add new services and future-proof their business.
To meet the users’ needs across industries, the product portfolio of Develco Products has expanded several times the past year. Next year, the expansion will continue with products offering even more opportunities for solution providers.
Take a closer look at the IoT products– and stay tuned for new ones.
Gaining a competitive advantage
One important aspect of the IoT industry right now is how to provide customized solutions; another is when to offer them. As more and more businesses are entering the IoT world, the competition is undeniable. Here, a fast time to market is essential. Being the first to fulfill the needs of the end-users provides a competitive advantage.
In 2019, Develco Products has helped a wide range of businesses build their own IoT solutions through the white label concept. By continuously developing the software architecture, making it simpler to work with, Develco Products has provided businesses with a shortcut to a market-ready IoT solution.
Explore how easy it is to get started
Focus on IoT security
In the ever-growing IoT world, the risk of cyber threats needs to be taken seriously. Improper security is a threat to any IoT solution. As more solutions are brought to the market, the risk spreads.
Because of the increasing need for secure IoT solutions, Develco Products has been committed to bring notice to the field of IoT security and to help solution providers build secure platforms. In the years to come, security in the different layers of IoT solutions will remain a top priority, and new measures will be introduced.
The insights point in one direction; the IoT is here to stay. At Develco Products, we look forward to helping more businesses bring their own IoT solutions to the market in 2020 and expanding existing solutions with advanced technologies.
