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What kind of memory do we need in the Age of IoT?

The IoT, which has received a lot of attention in recent years, will undoubtedly become a non-negligible factor in the future of storage.
What kind of storage do we need in the Internet of Things era

Table of Contents

When it comes to semiconductors, memory is an important component that should not be overlooked.

According to Gartner, a leading analyst firm, global semiconductor sales will increase by 26.3% year-on-year in 2021 to a total of $595 billion. As in the past, memory is still the largest contributor to the sales of semiconductors. The data shows that thanks to the strong growth momentum of DRAM, the total revenue of the memory market increased by 33.2% year on year. Gartner forecasts that the memory share of the total semiconductor market will continue to grow to 31.4% by 2022.

There is no doubt that large smartphone, PC, and data center applications will be the foundation for future storage growth. In addition, the Internet of Things, which has received a lot of attention in recent years, will undoubtedly become a non-negligible factor in the future of storage. This application, which is highly anticipated by the semiconductor industry, brings new opportunities and new challenges to the industry.

Noteworthy IoT Trends in 2022

Nowadays, the Internet of Everything has become the mainstream of the times, and the size of the IoT market is growing year by year and is expected to reach $123 billion in 2027 with a CAGR of 37%. Similarly, the number of IoT devices continues to grow rapidly and is expected to increase from 10 billion units in 2019 to 31 billion units in 2025, at a compound annual growth rate of 17%.

And as the number of IoT devices continues to grow, there will be a greater need for AI to help us analyze data from IoT devices. For industrial applications, companies can use AI analytics to optimize data to reduce costs and shorten the learning curve. Curves and significantly increase productivity.

At the same time, IoT connects healthcare with patient needs. At a time when the new corona epidemic is still developing, IoT can reduce the risk of infection between patients and medical staff by avoiding face-to-face contact. Contact. In addition, it can shorten the patient’s waiting time and speed up the medical process. With the growing demand for telemedicine and data showing that the number of people using telemedicine services will grow from 36 million in 2020 to 1 billion by the end of 2021, telemedicine is set to dominate the market, and medical healthcare for years to come revolutionize people’s habits.

Global supply chain management has also been enhanced with the development of the IoT. Manufacturers and logistics companies can track and monitor the current location of each shipment directly via IoT; Once issues are found, they can be fixed immediately to avoid unnecessary oversights and further reduce wait time.

However, as network connectivity continues to evolve, the hacking threat to IoT devices is also growing exponentially, and effectively protecting network security and privacy has naturally become the focus of the industry. IoT devices store a large amount of personal information. Information or trade secrets, once leaked or lost, expose individuals and businesses to unpredictable risks and losses. Therefore, it is necessary to focus on the security of IoT devices when planning and designing future products.

Top 5 IoT Trends in 2022
Top 5 IoT Trends in 2022 (IoT Data Feeds AI Models, IoT Connects Healthcare to Patient Needs, Industry 4.0 Increasingly Relies On IoT, IoT Transforms The Global Supply Chain, Cybersecurity and Data Privacy are very serious concerns)

New demand for memory for Internet of Things applications

IoT mainly consists of ten main applications such as Smart City, Smart Home, Smart Car, Smart Agriculture, Health Monitoring, etc. It changes people’s lives in every aspect. However, as people’s demand for smart life increases, IoT devices need to be upgraded to meet application needs. And as the main provider for storing IoT information, storage is also the focus of everyone’s attention. Low cost, high reliability, low voltage, low power consumption, and higher system security have become the key factors. to browse the memory selection.

Top-10-IoT-Applications
Top-10-IoT-Applications (Health Monitor, Fitness Tracker, Smart Factories, Smart Home, Retail IoT, Smart Farming, Smart Grid, Hospitality & Tourism, Smart City, Self-Driving Cars)

1. Low cost and high reliability

As we all know, the IoT needs to be equipped with enough connected devices to realize the connection of everything, so the IoT has very high unit cost requirements. In addition, almost all IoT devices are deployed in close proximity to the user or need to be used without power for a long time, which requires high reliability of the product to avoid failure at critical moments and cause irreparable damage.

2. Low voltage and low power consumption

IoT devices are mainly used in unplugged products that rely solely on batteries for long-term and continuous functional use and data transmission. This requires the IoT chip in the end device to use a lower voltage to reduce power consumption, extending product life and reducing battery wear and replacement cycles.

3. Enhanced system security

Most IoT devices need to be connected 24 hours a day, and the likelihood of them being hacked also increases. Therefore, it is important to protect the information stored on the devices from hackers to prevent personal information or company secrets from being exposed. and system security has become a top priority in product design considerations.

END.

DiskMFR Field Sales Manager - Leo

It’s Leo Zhi. He was born on August 1987. Major in Electronic Engineering & Business English, He is an Enthusiastic professional, a responsible person, and computer hardware & software literate. Proficient in NAND flash products for more than 10 years, critical thinking skills, outstanding leadership, excellent Teamwork, and interpersonal skills.  Understanding customer technical queries and issues, providing initial analysis and solutions. If you have any queries, Please feel free to let me know, Thanks

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