Global revenue from the Internet of Things could...
Global revenue from the Internet of Things could rise to $8.9 trillion by 2020, from $4.8 trillion in 2012, said International Data Corp. in a Thursday release (http://bit.ly/16ISIaC). To reach its conclusion, the information technology market researcher looked at the…
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elements composing the connected network of devices, or IoT: supporting IT, connectivity, processes and related technology. Together, the elements show a shift in paradigm for IT vendors, said IDC. “There is no doubt that business and consumer demand exists and will continue to expand for IoT solutions,” said Vernon Turner, senior vice president of IDC’s enterprise infrastructure, consumer, network, telecom and sustainability research. “I expect the current IoT use cases are just the tip of the iceberg.” By 2020, IDC expects IoT’s base to reach 212 billion connected “things,” with 30.1 billion of those being autonomous as well.