Internet of Things By 2020: Six Trillion Dollars And Thirty-Four Billion Connected Devices

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TN Note: The IoT is exploding everywhere and will evolve as a primary means of control over individuals, families and groups. Technocracy is about control, and if not rejected by citizens, will result in Scientific Dictatorship ala Brave New World by Huxley (1932).

The Internet of Things (IoT) has been called the next Industrial Revolution — it will change the way all businesses, governments, and consumers interact with the physical world.

For more than two years, BI Intelligence has closely tracked the growth of the IoT. Specifically, we’ve analyzed how the IoT ecosystem enables entities (i.e. consumers, businesses, and governments) to connect to, and control, their IoT devices in 16 environments, including manufacturing, the connected home, transportation, and agriculture.

In a new report from BI Intelligence, we discuss all of the components of the IoT ecosystem, including its devices, analytics, networks, and security. We also provide estimates and forecasts on the burgeoning IoT market, including device growth, amount invested, and potential return on investment.

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 billion.
  • 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.
  • Governments are focused on increasing productivity, decreasing costs, and improving their citizens’ quality of life. We believe they will be the second-largest adopters of IoT ecosystems.
  • Consumers will lag behind businesses and governments in IoT adoption. Still, they will purchase a massive number of devices and invest a significant amount of money in IoT ecosystems.

Read full report here…

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steve

Sadly this report leads to Business Insider who then want to charge you 495$ for their report .
Either they are profiting off of scare mongering and just plain greedy as seems to be the business model nowadays .
” Profits before people ” is the mantra .