IoT Product Development Life Cycle: From Concept to Launch
The main stages of the IoT product development life cycle include:
Product concept and market definition — find an idea and determine the target market for your IoT solution
Research and prototype development — work on your product’s tech part and create prototypes
Regulatory checks — ensure compliance with regulatory standards and certifications, such as FCC, CE, and UL
Implementation — develop hardware, firmware, and software
Manufacturing — mass-produce your IoT product
Product launch — introduce your IoT product to the market
Ongoing support and maintenance — provide customer support, monitor performance, and continuously improve your product
The IoT development life cycle is the end-to-end process of delivering ready-made IoT solutions. It encompasses various stages, including idea generation, market research, prototyping, regulatory compliance, software and hardware development, manufacturing, product launch, and ongoing support and maintenance.
Regulatory compliance is crucial in the IoT product development cycle for several reasons:
Compliance with regulatory standards and certifications is often mandated by law of specific countries market
Regulatory standards ensure IoT products meet specified safety, quality, cyber security, and performance standards
Compliance helps build customer trust by demonstrating your commitment to delivering reliable solutions
The IoT development life cycle’s duration varies because of several factors. Those are IoT product complexity, the type of IoT solution, the scope of work, the availability of resources, and additional requirements. Simple projects may take several months, while complex may last for a year and more.
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