IoT Connectivity - How to Choose the Right Option for Your Business

The Internet of Things (IoT) is a rapidly growing field, with global spending projected to reach $742 billion in 2020 and continue to grow at an annual rate of 11.3% through 2024. IoT technology is being leveraged across various industries such as healthcare, agriculture, transportation, and security. As the number of connected IoT devices is expected to triple from 8.74 billion in 2020 to more than 25.4 billion in 2030, selecting the right connectivity option for IoT deployment becomes crucial. Factors such as range, bandwidth, and power consumption should be considered when choosing a connectivity solution. Options include WiFi, Bluetooth, mesh networks, LPWAN, and broadband cellular. Twilio IoT offers a single-SIM solution that simplifies the process of connecting devices via cellular and provides maximum coverage with redundancy and automatic failover built-in.