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While the Internet was the first step taken towards interconnecting computing devices globally, today the demarcation between computing and non-computing devices is blurred, as we are in a world where physical objects like home appliances, furniture, vehicles, watch, wristbands, shoes, and many more things have gotten ‘SMART’ status.
In simple words, many physical objects we are surrounded by work as a miniature computing device with sensors embedded in them.
Thanks to the advent of Internet of Things (IoT), a technology where physical objects around us are interconnected through sensors, embedded processors, software, and other technologies to exchange data over the Internet and Intranet.
After years of hype, expectation, and incremental acceptance, the IoT looks to be on the verge of becoming widely commercialised.
McKinsey Report says Worldwide IoT connected devices are going to shoot up to 43 billion by 2023, a three-fold increase from 2018.
According to forecasters by 2025, the IoT industry will hit between USD 1 trillion and USD 3 trillion in revenue due to a shift from mere connectivity to IoT-powered applications, platforms, and services.
According to market research the average salary for IoT professionals in India is 23.5 lakh rupees per annum with overall salary ranging between 5.2 lakh rupees to 50 lakh rupees.
In addition, the job openings for IoT professionals have tremendously increased. A recent NASSCOM report endorsed this by saying that 96,000 fresh IT engineers will be hired by top five Indian IT firms this year and the prominent skill sets these companies are looking for are in areas like Internet of Things, Cloud Computing, and Artificial Intelligence.
With this prelude to job opportunities, attractive pay packages and the market potential of IoT, let us delve deep into why choosing a career in the IoT realm is a smart decision in the current context.
Technology innovations in the fields of energy consumption, agriculture, home automation, smart cities, automotive and driverless cars are all driven by IoT technologies.
According to the NASSCOM report of 2019, India houses 450 agri-tech startups, and the number is rapidly increasing, at 25% yearly growth rate.
Moreover, according to a recent Gartner report, there are already 20 billion IoT devices deployed worldwide indicating the vast number of innovative IoT products entering the market.
Thus, gaining proficiency of IoT skills helps to live your dreams of building sci-fi technology ideas.
Also, the fact that an enormous number of angel investors are keen on investing in disruptive innovative technologies makes IoT a promising career domain.
IoT is expected to bring the next economic revolution. IoT-driven economic revolution is expected to increase average income between 20%-30% by 2030.
According to Markets & Markets research, the automotive IoT is expected to grow from USD 15.87 billion in 2015 to USD 82.79 billion by 2022, at a CAGR of 26.75% during the forecast period.
The Allied Market Research report says the Indian home automation market size was valued at USD 1,790.9 million in the year 2018 and is expected to reach USD 13,574.1 million by 2026, growing at a CAGR of 29.8% during the period 2019-2026.
These market growth opportunities are definitive indicators for promising career opportunities in the coming days in the IoT sphere.
IoT applications galore in every sphere of humanity starting from IoT in Cloud-Based Applications, IoT for Domestic Safety Applications, IoT in Automotive Industry, IoT for Farming Productions, DevOps and Data Management IoT, IoT for Telecommunication, Power Management Through IoT, Industrial IoT, IoT for Blockchain Technology and so on.
As IoT has found its application relevant in all sectors, the need for IoT professionals to meet these demands is more evident in the current context.
According to a Statista report, the revenue of the IoT sector is expected to reach 1.6 trillion by 2025.
The IDC report says General Electric has created $100 billion in value for the energy and utility industries through IoT in the year 2020.
Also, the fact that giant companies like IBM, Intel, Microsoft, General Electric, Oracle, SAP SE, Amazon, AT&T Inc, Bosch Software Innovations, Cisco Systems, Huawei Technologies, and many more are investing in IoT innovations and startups assures that making a career in IoT is always a future-proof bet.
Also, IoT is the most lucrative career after data science and the opportunity to draw fat paychecks and work for internationally reputed organizations makes it one of the promising career options.
In the IoT career, a plethora of exciting and challenging job roles are available.
Prominent ones are IoT specialist, IoT Architect, IoT Consultant, IoT Developer, Industrial Data Scientists, IoT Product Manager and so on.
IoT is not about just programming skills it is an interdisciplinary field that expects aspirants to possess a device mindset of understanding how hardware and software are interfaced.
The IoT domain offers a level playing field for professionals from Electronics, Electrical and Computer Engineering backgrounds.
In a nutshell, IoT professionals are expected to be strong in fundamentals with sound knowledge of different IoT Services and IoT protocols.
As cloud computing is being ubiquitously embraced, honing skills in IoT-Cloud through Microsoft Azure IoT Developer certification and understanding the nitty-gritty of IoT on cloud is a definite advantage.
Getting acclimatized with Azure cloud will help aspirants to work on other IoT-Clouds offered by other players like AWS and Google who are coming up with their IoT certifications soon.
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To conclude, the Internet of Things is a fast-developing sector of technology with tremendous market growth, job opportunities, and lucrative pay packages.
With its applications penetrating almost all spheres of our lives and almost all major companies investing in innovations in this domain developing required skills with appropriate certifications will help aspirants to have a future-proof career.
– Article by Bhavesh Goswami, Founder and CEO, CloudThat
Read: Covid-19 impact: How Internet of Things is transforming education in India
Read: Career in IoT (Internet of things): Here’s all you need to know
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