Here are some key points from the report: In total, we project there will be 34 billion devices connected to the internet by 2020, up from 10 billion in 2015. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 bifllion.
Nearly $6 trillion will be spent on IoT solutions over the next five years.
Businesses will be the top adopter of IoT solutions. They see three ways the IoT can improve their bottom line by 1) lowering operating costs; 2) increasing productivity; and 3) expanding to new markets or developing new product offerings….
Sourced through Scoop.it from: www.businessinsider.com
The Internet of Things (IoT) is poised to go gangbusters.