Juniper Research: IoT Connections to Grow 140% to Hit 50 Billion By 2022, As Edge Computing Accelerates ROI

BASINGSTOKE, England–(BUSINESS WIRE)–New data from Juniper
Research
has revealed that the total number of connected IoT
(Internet of Things) sensors and devices is set to exceed 50 billion by
2022, up from an estimated 21 billion in 2018.

Juniper’s new research, The
Internet of Things: Consumer, Industrial & Public Services 2018-2023
,
found that this growth, equivalent to 140% over the next 4 years, will
be driven by edge computing services (the processing of data away from
the cloud and closer to the source); increasing both deployment
scalability and security.

For more insights, download our free whitepaper: IoT
~ The Internet of Transformation 2018
.

IBM Tops IoT Vendors

As part of this new research, Juniper has ranked the industry’s leading
vendors:

1. IBM

2. Microsoft

3. Intel

4. Bosch

5. Nokia

It noted that IBM’s breadth of services and investment in its Watson platform
has paid off. However, Microsoft’s tremendous growth in the enterprise
cloud space, its IoT Edge services and AI prowess highlight an
increasingly compelling offer in the market.

Intelligence Moves to the Edge

The research found that the rise of edge computing would be critical in
scaling deployments up, owing to reduced bandwidth requirements, faster
application response times and improvements in data security.

Juniper predicted that a substantial proportion of the estimated 46
billion industrial and enterprise devices connected in 2023 will rely on
edge computing. Therefore, addressing key challenges surrounding
standardisation and deployment models will be crucial. Research author
Steffen Sorrell added: “IoT at the edge dramatically increases
project scope and value. However, it must be noted that work around
standardisation, interoperability and how to manage the decentralisation
of data processing remain in development.”

IoT Transaction Management Requires Blockchain Innovation

Juniper foresees that consortium-run blockchains or similar distributed
ledger technologies, such as IOTA, will play an important role in
delivering future IoT events or payment transaction management.

However, both approaches presently lack true decentralisation offered by
public blockchains, a key requirement for end-to-end trust. Juniper
claimed that opportunities for blockchain technologies in the IoT would
remain limited until such issues were resolved.

Juniper Research provides research and analytical services to the global
hi-tech communications sector, providing consultancy, analyst reports
and industry commentary.

Contacts

Juniper Research
Sam Smith, Press Relations
T:
+44(0)1256 830002
E: sam.smith@juniperresearch.com