The Internet of Things (IoT) will grow to 26 billion units by 2020, representing an almost 30-fold increase from 0.9 billion in 2009, as per IT research and advisory firm Gartner.
The Internet of Things is the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment.
The IoT product and service supplier, which excludes PCs, tablets and smartphones will generate incremental revenue exceeding $300 billion, mostly in services, in 2020. It will result in $1.9 trillion in global economic value-add through sales into diverse end markets.
"The growth in IoT will far exceed that of other connected devices. By 2020, the number of smartphones tablets and PCs in use will reach about 7.3 billion units," said Peter Middleton,research director at Gartner.
"In contrast, the IoT will have expanded at a much faster rate, resulting in a population of about 26 billion units at that time," he added.
Read More
The Internet of Things is the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment.
The IoT product and service supplier, which excludes PCs, tablets and smartphones will generate incremental revenue exceeding $300 billion, mostly in services, in 2020. It will result in $1.9 trillion in global economic value-add through sales into diverse end markets.
"The growth in IoT will far exceed that of other connected devices. By 2020, the number of smartphones tablets and PCs in use will reach about 7.3 billion units," said Peter Middleton,research director at Gartner.
"In contrast, the IoT will have expanded at a much faster rate, resulting in a population of about 26 billion units at that time," he added.
Read More
Comments
Post a Comment