Whether in healthcare, automobile, retail, education, or any other industry, we can see how IoT technology is changing these domains tremendously. From saving energy to controlling, monitoring, and automating assets, IoT devices offer various benefits in a user’s daily life.

The YI IoT app is also one of the solutions that can be connected to your home’s YI devices, and you can automate or monitor them regularly. The YI IoT mobile app lets users connect with each other or start a two-way conversation with the entire family just by tapping on the screen of their smartphones.

At present, everyone has a busy schedule and has no time to connect or chat for a long time. Here, IoT comes and saves their time & energy by interconnecting devices through sensors, Bluetooth, WiFi, etc.  

A large number of people worldwide have also embraced YI IoT apps, which have facilitated businesses with valuable data insights, management of different user needs, analysis of customer behavior, and better efficiency. This is why they are showing keen interest in YI IoT app development. 

If you are one of them, then the guide below is a must-read for you! Here, we will discuss how to develop a YI IoT app, key features, benefits, overall costs, monetization strategies, and current market statistics.

Without any further ado, let’s dive in:

Introduction to Yi IoT Application and Components

IoT, or the Internet of Things, completely refers to physically connected devices useful for data collection and exchange through sensors like temperature or motion. This technology collects the data and sends it to the application for display to the users.

When it comes to YI IoT, it is a smart device management app used to connect, control, monitor, and automate IoT devices. Built with YI technology, it allows users to interact remotely with their devices while accessing real-time video feeds, automation capabilities, and getting alerts.

The YI IoT app is mainly designed as a smart home security solution, offering to manage everything in the YI smart home ecosystem, from lights to cameras.   

If you are going to develop a YI IoT app for Android or iOS, you must know about the below components to integrate:

  • Hardware: Hardware includes smartphones, motion sensors, control panels, computing tools, and more. Businesses can use both customized and ready-made IoT hardware. 
  • Software: It is used to display all the information to users by an IoT app that can be mobile, web, or cross-platform.
  • Network: It helps connect all the IoT devices using diverse data and network protocols, such as HTTP, MQTT, WiFi, LAN, and Bluetooth. Choose one that fits you well.
  • Cloud Servers: Cloud computing servers are used to manage the flow and collect and process vast amounts of IoT data. Users can access this data remotely from anywhere.   

Market Statistics 2024: IoT Market Size, Share, and Growth

The IoT technology market size is estimated to evolve from US$ 945.6 billion in 2024 to US$ 1377.8 billion by 2029. It will grow at a 7.8% CAGR between 2024 and 2029. In the future, the IoT market is anticipated to expand across more industries while growing its user base. To know more about the current and future IoT market, look below:

  • The global IoT market was valued at US$1.18 billion in 2023. It is projected to grow at an 11.4% CAGR from 2024 to 2030. 
  • The global IoT market was valued at $956.0 billion in 2023; it is estimated to be $5332.3 billion by 2032, at a 21.3% CAGR from 2024 to 2032.
  • According to FortuneBusinessInsights, the global IoT market size was estimated at US$595.73 billion in 2023. This market is forecasted to evolve from US$714.48 billion in 2024 to US$4,062.34 billion by 2032 at a 24.3% CAGR. 
  • The IoT market is estimated to reach an approx. value of US$ 947.50 billion by 2024 globally.
  • The USA is anticipated to lead the revenue generation stream with US$ 342.50 billion in 2024.
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Crucial Benefits Offered by YI IoT Application

From higher scalability to improved service offerings, an IoT app like YI facilitates businesses with a wide range of services. Here are some top business benefits:

1. Data-driven Refined & Competent Products

The collected data insights from connected devices and custom feedback help businesses optimize and refine future IoT devices and integrated features. They also help experts drive innovative products and give the brand a competitive advantage in the rapidly changing IT landscape.

2. Better Operational Efficiency with Less Downtime

Gathered IoT data facilitates proactive maintenance with better efficiency and less Downtime for users handling different devices. Alongside this, businesses also get a strong value proposition as YI IoT app development will help alleviate operational issues for customers.     

3. Improved Security Solutions to Increase Business Value

While building YI IoT app alternatives, businesses must focus on security features such as real-time alerts, remote monitoring, motion detections, etc. It will add value to their business, make their services unique, and empower their brand image while alerting users about suspicious activities.

4. Higher Scalability and Flexibility

Developing a YI IoT app for Android or iOS enables businesses to expand rapidly, keeping up with increasing customer demands or new IoT devices. This adaptability assists ventures with faster growth and easy customization, including integrating other devices or features to make them more scalable.

5. Different Service Approach for Businesses

YI IoT app development enables businesses to differentiate their services or offerings in the competitive market. They can facilitate IoT users with unique features like real-time alerts, monitoring, and automation to enhance the present value and growth of the IoT services and products they offer.

Also Read: Smart Home Automation App Development: Cost and Features

Required Features to Integrate into the YI IoT App

Integrating the right features into a YI IoT app alternative will help businesses get a wide user base, improve functionality, and deliver a better user experience. Here are both core and advanced features:

1. Core Features

Here, we have provided you with some core features for an IoT app to make it worth using. Check out below:

Real-time Video Streaming

The YI IOT app, a product of video streaming app development, allows users to access live video feeds from cameras and other embedded devices. It helps them remotely monitor and control the activities within their homes or businesses.  

Device Management

Users can add, manage, or delete any connected device from the IoT app according to their requirements. This helps them control the devices remotely and entirely.

Live Monitoring

Smart home apps like YI IoT must have this feature to enable users with remote or live monitoring so that they can control the device accordingly from anywhere.

Data Security and Privacy

In an IoT app, providing security to user data is essential through encryption, authentication, access control, etc. It gives them the guarantee of their data protection while preventing unauthorized access.

Cloud Storage Options

All the videos and audio recorded by YI IoT apps are stored in the cloud so that users can access and view them anytime. The cloud is also helpful as a reliable data backup for special occasions.

Push Notifications

Users can receive real-time smart notifications about low battery, device issues, high energy consumption, etc., to stay updated and do what is necessary at the right time.

Activity History

With this feature, users can see their past activities, including the usage of IoT devices, the work done by the devices, and when they were installed.  

2. Advanced Features

Advanced features make an IoT app unique from its competitors, providing a competitive edge for businesses. Know about them here:

Automated Recording

IoT users can set up the cameras to record automatically based on specific actions, such as sound, motion, or heat detection.

AI-enabled Analytics

Integrating AI features such as behavior detection and facial or voice recognition is helpful for better security. It can also detect familiar and unfamiliar faces.

Customization

IoT app users can customize the device’s settings or setup according to their preferences and needs. They can set the time and gesture for turning on/off the lights and cameras, adjust the temperatures, etc.   

Integration with Other Devices

IoT apps can be integrated with third-party services to deliver users a more customized experience. They can also integrate these apps with smart home platforms like Google Nest or Apple HomeKit to get more information while controlling them using voice.

Multi-user Access

This feature allows multiple users to access and control IoT apps, precisely for apps used by families or businesses.

Read More: 20+ Top IoT App Development Companies

How to Develop a Yi IoT App? Step-by-Step Process

If you are going to develop a YI IoT app alternative, you must know the process thoroughly, from conceptualization to development to launch. The entire process should align with the business goals and target audience.

Following are the steps to build the YI IoT app for Android or iOS:

Develop a Yi IoT App

1. App Conceptualization and Market Research

Validating the idea and conducting market research is the first step in developing a smart home app like YI IoT. Businesses must identify the app’s purpose and requirements, including features, functionality, target audiences, platforms, required resources, budget, etc.

To proceed further, they must study YI IoT app alternatives like Google Home. Additionally, they can conduct a SWOT analysis to analyze competitors’ strengths and weaknesses.

The IoT app development company also needs to understand the demographics and expectations of potential users. Also, they must specialize in required technologies and tools and be aware of data privacy laws and security protocols.

2. Design The IoT App’s UI/UX

The user interface of an IoT app should be interactive, simple, and responsive with easy-to-understand controls, menus, and icons. First, IoT app designers need to create wireframes for every screen displaying how users can interact with the functions. After that, they will test the prototype with actual users for their feedback.

While designing the YI IoT app, designers must ensure that the app is compatible across diverse devices, platforms, and screen sizes. The IoT app must also be user-friendly and easy to use to grab the attention of a large audience.

3. Create the Back-end and Connect the Hardware

This is the step in which you will actually develop your YI IoT app Android or iOS. Your proficient IoT app developers will design and create a functional solution using all the gathered project requirements. Additionally, the process involves various essential aspects, such as:

  • Choose the Right Hardware
  • Pick Selected Platforms
  • Integrate APIs
  • Database Setup
  • Apply Security Measures

Considering all these, YI IoT app developers should write simple, short, and easy-to-read code. Moreover, they must leverage an appropriate technology stack to meet the evolving requirements of IoT users.   

4. Smart Device Integration

YI IoT app development includes this step to allow the app to integrate with smart devices, enabling users to observe, automate, and control their devices. In this step, developers connect smart devices with your app using any IoT platforms like AWS IoT, YI IoT, etc.

They also ensure compatibility with other IoT communication protocols like HTTP, Bluetooth, MQTT, CoAP, or WebSockets to transfer data smoothly. It is also essential to confirm whether the IoT app can manage real-time data streams from diverse devices, sensors, gateways, etc.

5. Test the IoT App Completely

Testing is an integral part of end-to-end mobile app development services that ensures an application’s flawless and faster functioning. After developing the YI IoT app, it’s time to test it rigorously by applying functional testing, unit testing, usability testing, security testing, performance testing, and others.

Ensure there are no errors left and the IoT app is working fine. The app should also be smooth working and responsive to other devices and platforms.

6. Launch and Maintain the App

To launch the YI IoT app, you must follow the app store guidelines related to selected platforms. You also need to follow ASO instructions to lead a smooth launch process. Additionally, you can create a simple onboarding process to guide users through the app setup, device pairing, and crucial features.

After the launch, it is necessary to monitor and update the IoT mobile app regularly. The process will also include fixing bugs, adding security features, implementing feedback, and more.

How to Monetize an IoT Mobile App?

While discussing YI IoT app development, it is also necessary to consider different types of ways to make money. Diverse monetization strategies help businesses create maximum revenue streams by leveraging features and other data-driven capabilities.

Have a look at them below:

App Subscription Model

This is the most applied monetization model by businesses. It allows users to subscribe to an app by paying specific charges, and in return, they get access to advanced features. The app subscription model has different types, including monthly, quarterly, or yearly, with different fees.

It is used to lead a strong customer engagement and retention strategy. This model allows users to enjoy the app features and functions more securely and effortlessly.

Hardware Integration

With this money-making strategy, businesses can directly sell specific IoT devices or hardware. These devices are embedded and can be tracked via mobile apps. Companies can earn huge profits and revenue through commissions gained from every sale.

These products can be anything, such as mattresses, shoes, watches, clothes, and others, that can help track various aspects, including sleep, heartbeat, steps, and blood pressure. 

In-app Advertising

Businesses can use targeted advertisements based on user preferences, history, and activities within their IoT mobile application. They can also collaborate with other businesses to promote their services via advertisements and charge a fixed fee in return. This monetization strategy helps increase relevancy, click-through rates, and user engagement.    

Ecosystem Expansion

Whether it is a YI IoT app for PC or mobile phone, you must integrate this monetization model to make a profit. With this model, the app owner can ask for commission from both sides, including businesses using their platforms and end-users. They own a particular share of the profit businesses make using their app and fees from app users for using the platform.

They also have the option to offer APIs to other companies to build their own IoT applications.     

What is the Cost of YI IoT App Development?

The YI IoT app development cost will be around $25,000 to $200,000, but it can go up or down depending on some specific project components. These encompass the app type, number of connected devices, required features, the development firm’s location and expertise, the size of the development team, and others.    

Additionally, there are various aspects that can highly affect the overall cost of YI IoT app development. Look below for further details:

Simple IoT App with Basic Features: $25,000 to $50,000

Complex App with Advanced Features: $60,000 to $200,000 and more

The answer to “How much does it cost to develop a YI IoT app?” will also differ based on the industry, country, and company businesses choose. Moreover, the time consumed in the IoT app development process will also greatly impact the overall estimated project cost.

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In a Nutshell,

Businesses looking to obtain YI IoT app development must know that it is not just about following the trend; it is a complex process that they need to understand first. They must have detailed knowledge of IoT hardware and software components to build a YI IoT app that will satisfy the business objectives.

To develop a scalable and feature-rich YI IoT app, businesses must hire a team of experts from a leading IoT app development company. They can consider Octal IT Solution, a reliable firm that can solve all their business-related complexities and deliver the desired results.

Our skilled experts will help you to meet your specific requirements and stay ahead of competitors in the IoT market.  

You can connect with us for further details!

FAQs:

How long does it take for IoT App development?

The estimated time for IoT app development is 6 to 12 months. This depends on the app types, added features, and size of the development team. The projected time can be increased or decreased based on these factors.

Can I get an IoT App for both Android and iOS Platforms?

Whether it is a YI IoT app for Android or iOS, our experts can develop an app for both platforms. But before investing in any app, you must decide on aspects like budget, features, resources, audience, and others.

What is the best Protocol I can use to exchange data between the system and other smart devices?

There are various protocols for data exchange, such as Bluetooth, WiFi, LAN, Z-Wave, Sigfox, etc., or you can choose based on use case situations.

THE AUTHOR
Managing Director
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Arun G Goyal is a tech enthusiast and experienced writer. He's known for his insightful blog posts, where he shares his expertise gained from years in the tech industry. Arun shares his knowledge and insights through engaging blog posts, making him a respected figure in the field.

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