IoT interoperability is the goal of all modern deployments. And since the market is growing so rapidly, it’s something we need to get right. Globe News Wire reports the global IoT market size as USD 308.97 billion in 2020. The market is projected to grow from USD 381.30 billion in 2021 to USD 1,854.76 billion in 2028 at a CAGR of 25.4% in the 2021-2028 period. So, most businesses will be considering how to overcome IoT interoperability to enable smooth running for years to come.
According to Medium interoperability is the capability of a product or system to do work with other products or systems. That work maybe done together at present and in the future, deprived of any restraints. It’s the ultimate goal of any IoT deployment that every device will not only work together but with any new acquisitions as well. But it’s not the current situation.
- Devices can’t share data and talk to each other.
- Fixing that lack of communication costs more and becomes harder to implement.
- Vendors can lock devices behind proprietary configurations.
- Organisations may get locked into a single seller.
- Adding new services and technologies becomes more difficult or impossible.
- Scalability and adoption may be limited.
- Teams may need to learn a range of protocols, data formats and APIs.
- The connections may be different i.e., WiFi or 5G.
- Geographic restrictions may mean different regulations apply.