Why Now Is The Time For A Career In IoT: The Skills Required, The Positions And Why It Can Make You Rich!
While the Internet was the first step towards the interconnection of computing devices on a global scale, today the line between computing and non-computing devices is blurred, as we are in a world where physical objects like devices household appliances, furniture, vehicles, watches, bracelets, shoes, and many other things have achieved âSMARTâ status.
Simply put, many of the physical objects around us function like a miniature computing device with built-in sensors.
Thanks to the advent of the Internet of Things (IoT), a technology where physical objects around us are interconnected via sensors, integrated processors, software and other technologies to exchange data on the Internet and Intranet.
The IoT is on the verge of being widely commercialized
After years of hype, expectations, and gradual acceptance, the IoT appears to be poised to be widely commercialized.
The McKinsey report indicates that IoT-connected devices around the world will reach 43 billion by 2023, a three-fold increase from 2018.
Forecasters By 2025, IoT Industry To Reach $ 1,000 To $ 3 Trillion In Revenue Due To Shifting From Simple 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 year with an overall salary ranging between 5.2 lakh rupees and 50 lakh rupees.
In addition, the vacancies for IoT professionals have increased significantly. A recent NASSCOM report confirmed this by stating that 96,000 new IT engineers will be hired by India’s top five IT companies this year and that the important skills these companies are looking for are in areas such as the Internet of Things. , cloud computing and artificial intelligence.
With this prelude to job opportunities, attractive compensation packages and the market potential of IoT, let’s dig deeper into why choosing a career in IoT is a smart move in today’s environment.
Frenzy of technological innovations in the field of IoT
Technological innovations in energy consumption, agriculture, home automation, smart cities, automotive and driverless cars are all driven by IoT technologies.
According to the 2019 NASSCOM report, India is home to 450 agro-tech startups, and their number is growing rapidly, at an annual growth rate of 25%.
Additionally, according to a recent report from Gartner, there are already 20 billion IoT devices deployed worldwide, indicating the large number of innovative IoT products entering the market.
So, gaining mastery of IoT skills helps you to live out your dreams of creating sci-fi tech ideas.
In addition, the fact that a large number of angel investors wish to invest in innovative disruptive technologies makes IoT a promising career field.
Data shows that a career in IoT is a safe and lucrative bet
The IoT is expected to bring the next economic revolution. The IoT-driven economic revolution is expected to increase average income by 20-30% by 2030.
According to Markets & Markets Research, automotive IoT is expected to grow from $ 15.87 billion in 2015 to $ 82.79 billion by 2022, with a CAGR of 26.75% during the forecast period.
The Allied Market Research report indicates that the Indian home automation market size was valued at USD 1,790.9 million in 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 of promising career opportunities in the coming days in the IoT field.
In which sectors can you work?
IoT applications galore in all spheres of humanity from IoT in cloud-based applications, IoT for home security applications, IoT in automotive industry, IoT for agricultural productions, DevOps and IoT data management, IoT for telecommunications, power management through IoT, industrial IoT, IoT for Blockchain technology and so on.
As IoT has found its relevant application in all industries, the need for IoT professionals to meet these demands is more evident in today’s environment.
Secure a sustainable career option with IoT
According to a Statista report, IoT industry revenues are expected to reach 1.6 trillion by 2025.
The IDC report says General Electric created $ 100 billion in value for the energy and utilities sectors through IoT in 2020.
In addition, 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 innovations and startups of IoT guarantees that making a career in IoT is always a bet for the future.
In addition, IoT is the next most lucrative career after data science and the opportunity to earn big paychecks and work for internationally renowned organizations makes it one of the promising career options.
Roles in IoT
In the IoT career, a plethora of exciting and challenging positions are available.
The main ones are IoT specialist, IoT architect, IoT consultant, IoT developer, industrial data scientists, IoT product manager, etc.
Skills and certifications you need for an IoT career
The IoT isn’t just about programming skills, it’s an interdisciplinary field that expects aspirants to have a mindset to understand how hardware and software are interfaced.
The IoT field offers a level playing field for professionals from the fields of electronics, electricity and computer engineering.
In summary, IoT professionals must master the fundamentals and have a solid knowledge of the various IoT services and IoT protocols.
As cloud computing is ubiquitous, skills development in IoT-Cloud through Microsoft Azure IoT Developer certifying and understanding the details of IoT in the cloud is a definite advantage.
Getting acclimated to the Azure cloud will help aspirants to work on other IoT clouds offered by other players like AWS and Google who will soon obtain their IoT certifications.
To conclude, the Internet of Things is a rapidly developing technological sector with huge market growth, lucrative employment opportunities and salaries.
With its applications penetrating almost all spheres of our life and almost all large companies investing in innovations in this field, developing the required skills with the appropriate certifications will help aspirants to have a lasting career.
– Article by Bhavesh Goswami, Founder and CEO, CloudThat
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