The worldwide associated devices were 30.4 billion in 2020 and will become at least 200 billion in 2030, with a compound annual growth rate (CAGR) of 20.7%: according to Frost & Sullivan the figure is directly to decree hypercon

The data emerges from the recent Future of Connected Living analysis, which argues that the device-to-person relationship will grow from 20 to 1 by 2030 while the world enters the era of hyperconnectivity and makes a quantum leap to the digital transformation of companies and institutions

The convergence of cities, homes and related workplaces will result in omnipresent hyperconnectivity and the emergence of new applications, products, business models, technologies, platforms and services.

The related life demand will be driven mainly by advanced software technology, streaming of diffuse content and network integration.

Frost & Sullivan’s analysis predicts that the increase in demand will quadruple the spread of connected smart homes over the next five years, to reach more than 18% by 2025.

It is also expected that spending on the smart city sector will reach $327 billion by 2025, with a CAGR of 22.7%, and that will lead to a greater adoption of technologies such as artificial intelligence and 5G.

Even after the final acceleration of the pandemic, for Vinay Venkatesan, Program Manager, TechCasting by Frost & Sullivan, the house will become a central hub for connected life, generating a hybrid of private environment

Hyperconnectivity and cybersecurity

Continuous progress in connectivity technologies such as cloud services, IoT, videoconferencing, mobility, robotics and artificial intelligence will create business spaces for connected service providers and technology. •Convergence of 5G and Wi-Fi 6 • Venkatesan • will be a crucial factor for connectivity as they will improve the speed of the communication network, customer experience and long-term cost

For Venkatesan, too, in hyperconnectivity, companies must establish new partnerships, engage with a wider ecosystem and explore new business models to offer a unique value proposition. Although connected life promotes digital resilience, it also poses important risks to data security, which are subject to cyber attacks. Therefore, companies and institutions must develop a detailed IT security strategy that will align with their objectives and facilitate the provision of secure related services to customers everywhere.

Four Development Areas

Therefore, for Frost & Sullivan, manufacturers of connected devices and service providers wishing to exploit the growth opportunities given by hyperconnectivity must focus on four key areas.

The first is digital workflows: 70% of companies should adopt a hybrid work structure by 2030. Digital workflows can eliminate manual and repetitive activities to enable workers to focus on improved performance and added value for customers. Companies need to move to an organisational approach to take advantage of digital workflows, which will lead to optimized processes.

The second is the ecosystem of related services: with an existing digital first strategy, governments must work with the related service providers (CSPs) to provide better social benefits, improve the scope of the public service and raise awareness of citizens. Online services ensure cooperation between government, technology companies and CSPs to ensure seamless and effective integration and access to all citizens.

Then there is what is called the Internet of Homes: the demand for touchless biometric solutions and security technologies for voice control is increasing as virtual home assistants based on artificial intelligence become universally accepted. Smart home product providers must develop multifunctional products that control multiple appliances and allow integration for ease and control. According to Frost & Sullivan strategic partnerships between insurers, Telco providers and online retailers can leverage this business.

Fourth area is that of platform orchestrators: Communication Service Providers will transform to become data controllers and data stream orchestrators, so they must develop an identity as an open ecosystem orchestrator, based on relevance, scalability Network service providers can position themselves as partners and create an ecosystem dedicated to installation, control and data management in multiple environments.

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