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Boosting the Sales of IoT devices during Pandemic Surge

Rachna / 07 Aug 2021 / IOT Industry | IOT AI

Entrepreneurs must speed up their organizations' technological capabilities to keep pace with the pandemic outbreak. Because of the rise of the COVID-19 crisis, many manufacturers adopt digital technologies to protect their employees and serve their customers few better experiences in case of mobility restrictions.

For reducing the infection risk, physical contacts must be mitigated, and contactless integrations must be adopted. Due to the automated lifestyle, and has shifted towards artificial intelligence-enabled products. Hence, transformation for IoT is enhancing remarkably.

 

Here is the list of few Contactless Services that are integrated with IoT,

The devices that are controlled from anywhere, anytime, are in great demand during a pandemic outbreak. Therefore, AI and IoT-enabled devices are on the surge of high sales. 

Several companies efficiently offer remote monitoring systems, productive and proactive equipment for an extensively connected network of devices. The users can control their settings of temperature and lightning even through voice commands.

These highly connected devices are capable enough of self-diagnostic features, can request repairs, parts can be replaced, predict requirements as we experience the adoption towards IoT.


Robotic Services

To reduce the risk of infection, AI robots and IoT embedded devices can show connectivity offline and online. Hosts, vendors, and attendees all are visible to each other in these remote interactions done with the help of robots.


Smart speakers

The connected smart speakers have embedded sensors that could monitor the surrounding environment comprising humidity. Therefore, it's self-diagnosing problems accessed. Interconnected devices collect the data from the surrounding environment and further transmit it for feedback.


Smart inhalers

Another kind of propeller sensor is attached to the patients' inhalers who are prone to asthma to deliver deep insights into treatment.


Contactless elevators

The COVID-19 outbreak prevents consumers from touching the elevator panel. The builders have marked QR code stickers which can be scanned with the help of an elevator app providing passengers mobile. The call is being generated as the app scans the code and gets validated by the customer.

 

How Pandemic Induced Surge in Sales?

The IoT has remarkably crossed over the mainstream business after the hype of years. Its adoption has enhanced from 13% to 25% in 2021 and is expected to increase to 43 billion by 2023. 

As the COVID hit globally, people are more adjusted towards remote options to work and study. The number of investments has increased in smart devices to make life easier and convenient. The IoT market is expected to grow from USD 1.5 billion in 2020 to 5.3 billion in 2025 globally, with a compound annual growth rate of 28.5%. 

This expected felicitation of connected devices and applications has boosted BYOD and remote strategies to work, enhanced adoption of wireless technologies, enhanced operational efficiency, emerging trends of Internet Protocol Version 6.

Tremendous growth has been seen in the IoT sales market as the COVID providing opportunities for contactless smart devices. The customers feel very comfortable with the customized products offered by IoT. 

The customized services offered by IoT include alert systems, high-security measures, efficiency to handle big data. As the companies focus more on business-critical tasks, the alignment is shifting towards remote working strategies. Therefore, increasing demand for IoT integration services.

 

The Impact of COVID on Business


Cost

It is very well known that oil companies have been struck hard by the pandemic. However, its demand has been slowed down. Consequently, a reduction in the cost is required.


Need for transparency

Inability to visit sites manually because of the pandemic, there is a requirement of transparency about employees' whereabouts and well-being.


Automation required

Every industrial sector is on the verge of automation to beat the crucial period of COVID. Before the pandemic struck globally, the advancing technology of IoT was not very popular among the masses, but now the scenario has changed. AI-enabled robots have now replaced human intervention to reduce infection possibilities.


Supply chains need to be modified

Some strategies of supply chain management must be ruled out to deal with the crisis of COVID-19.

 

Final Thoughts

The restrictions that came in because of COVID-19 have forced consumers to use contactless technologies to make their IoT jobs easier. IoT has been proved to be very promising in detecting early symptoms, self-isolation, and even keeping track of the recovery. The sales have increased remarkably to minimize interactions to access contactless services.