In 2015, A Hugely Hyped $70 Billion Market Will Arrive
As early as next year, the Internet of Things will swoop your life up and carry you into a sci-fi-like future where every inanimate object in your world will get a sensor, become "smart," and be controlled by an app: your car, your fridge, your pill bottle, your toothbrush, your lamps, your street lights, your keys...
That's what the market researchers say, anyway.
Next year, 4.9 billion connected "things" will be in use, up 30% from 2014, according to new research from Gartner. And by 2020, there will be more than 20 billion connected devices in use.
In 2015, services that support IoT will amount to a $69.5 billion industry, Gartner predicts. And spending on these apps will hit $263 billion by 2020.
By 2019, the total economic impact of IoT will be huge: $1.7 trillion added to the global economy, BI Intelligence reports.
The three industries that will be first up to adopt IoT tech is manufacturing (new "smart" devices), utilities ("smart" meters) and transportation ("smart" traffic lights and public transit systems), Gartner says.
BI Intelligence
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas