Chip shortage will limit IoT growth by 10-15% in 2022
Forrester Research predicts that the current global chip shortage will limit IoT growth by 10-15% in 2022.
The chip shortage plaguing all tech makers is the result of several factors, including trade disputes and even a drought in Taiwan, the leading semiconductor manufacturing country. However, the most important factor was COVID-19.
COVID-19 has forced the closure of many semiconductor manufacturing facilities. Meanwhile, the demand for technological equipment has remained or even increased due to the increase in remote working and people seeking to improve their home environment.
Forrester predicts that the chip shortage will not be fully resolved until mid-2023. Company analysts say IoT devices are particularly vulnerable “because they typically use mature sensor, microcontroller, and communication technologies that have many more uptime issues than advanced chips such as processors and GPUs. “.
However, all is not gloomy for IoT in Forrester’s predictions.
As world leaders bring their private jets back from the COP26 climate change summit, the rest of the world is tasked with finding lasting solutions that will keep hope of limiting global warming to 1.5 Â° C to limit damage to the world. health, livelihoods, food security, water supply and economic growth.
The IoT will play a key role in delivering the efficiency improvements needed to meet sustainability goals. Forrest predicts that the demand for sustainability-related services powered by IoT and advanced computing will increase for energy efficiency and resource management.
High demand use cases for IoT in 2022 are expected to include environmental monitoring, resource management, and supply chain processes.
Forrester’s full report is available here (paying)
(Photo by Ussama Azam on Unsplash)
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