It can be challenging to understand what is at stake when it comes to money circulating in mobile app development. Maybe about space with its parsecs, light years in terms of Earth chronology, and the speed of light?
It is no longer possible to come up with conventional standards, for example, to the figure of $1.1 trillion. Meanwhile, this is how much the value of the global market for the Internet of Things in 2024 is estimated. In 2024, ordinary users around the world already spent $123 billion to equip their smart homes. The aggregate revenues of the agricultural IoT market (could you imagine that there is such a one?) is equal to $14.79 billion.
At the moment, you are reading this article, there are 26.66 billion IoT devices connected globally at the same time. And by 2025, their number will reach the prohibitive 75.44 billion.
An ordinary person, not at all a computer geek interested in this field, but, for example, your mother or grandmother, owns 1-4 smart devices today. All the same, in 2025, each of us will control 9-10 such devices (unless, of course, the trend is broken and many existing devices at the moment will not represent one multi-functional device).
And please do not say that you following Henry Thoreau, who lived in the forest, are an exception to these astronomical figures, and a smart home with its IoT is not about you. Do not flatter yourself. Suppose you still don’t have a refrigerator that orders grocery delivery itself. But this fact doesn’t make you the last of the Mohicans from the era when smart things only existed in science fiction novels. Do you have a smartwatch? Are you watching smart-TV (others won’t sell right now)? So, welcome to the team!
And how does it all work?
Another amazing fact. There are only about five different platforms to manage all the incredible number of things in the IoT universe. But what’s even more surprising: the vast majority of these software solutions use one or another web framework from Node.js.
Why, in the IoT world, almost every client-side web application and practically all server-side solutions cannot do without Node.js? There are many reasons. But let’s limit ourselves to at least five.
• Node.js is a cross-platform development environment that allows you to create complex solutions for working in real-time. Unlike, for example, Python, which allows the next task only after the previous one is over, Node.js provides unconditional multitasking.
• Applications using Node.js are built according to the principle of event-driven programming. In addition to the mentioned multitasking, this approach can significantly save battery.
Is it really that simple?
Stopping Facebook, Instagram, and WhatsApp servers for just a couple of hours cost Zuckerberg $6.6 billion. The collapse of his company’s shares instantly threw him into sixth place on the list of the wealthiest people in the world.
He can get out of this peak with his safety margin and even return to the previous positions. But how many of us can afford it?
Yes, a successful startup can make you a millionaire. Just consider that about 30% of similar undertakings fail at the very start since the implementation of the concept turns out to be too expensive? At the same time, 47% of mobile app development companies complain about lacking qualified employees. A solution to this is to find a qualified and experienced partner, a reliable outsourcing company with an impressive portfolio.
However, if you indeed want to become a full-fledged part of this multi-billion dollar business, you need to decide on the critical issues with your outsourcing partner at the start.
Perhaps the most important of them is a precise distribution of software development team roles. Having decided not only on the characteristics and timing of obtaining the final product but also on the responsibility of each team member, you will be able to maintain complete control over the process at any of its stages.
There are so many paths. Which to choose?
If you are serious about bringing your business and programming ideas to the Internet of Things market, now is a great time to start. Choosing a language for your designs is definitely not an insoluble dilemma. Just do not forget that singles have practically no chance in this field. Take care of finding a reliable outsource Node.js development services partner, delve into all the details of the organization of the process, and don’t waste time.