IoT Future – 34 Billion new Devices in 4 Years?

IoT Future – 34 Billion new Devices in 2020

Many industry experts and consumers are pointing the Internet of Things (IoT) as an upcoming Industrial Revolution or an upcoming Internet.

Why this? Simple, because IoT will consist of the future form of interaction of businesses, governments and consumers with the physical world.

The most recent studies indicate that in 2020 more than 34 billion devices will be connected to the internet, in many sectors (Industrial, Agriculture, Transportation, Wearable Devices, Smart Cities, Smart Houses, etc).

Of these 34 billion, the IoT will be responsible for 23 billion devices, the others 11 billion will be represented by the regular devices, such as, smartphones, tablets, smartwatches, etc.

BI - IoT - Evolution Graph - IoT Future
Source: BI Intelligence

The business sector will be responsible for the biggest use part of this devices, since the IoT can reduce the Operational Costs, Increase the Production, expand the business for new market niches.

Government will take the second biggest part of the devices connected, in smart cities, fasting up the public process, increasing the quality life of the citizens.

At last but not less important, the home user, will have a lot of IoT Devices, Smart Houses, Wearable Devices.

And for you? Do you think that IoT will be the New Industrial Revolution? Give us your opinion in the IoTLabs Linkedin Group.

Linkedin - IotLabs.org