By Field Technologies magazine
Learn how your peers are successfully leveraging M2M/IoT within their organizations.
IoT continues to permeate the minds of today’s technology decision makers in all of the industries we reach. There’s no denying the growth of the IoT market, nor the impact the technology is having on businesses of all shapes and sizes — and there are plenty of statistics to reflect IoT’s rapid growth and impact. By 2020, the number of Internet-connected things will reach 50 billion, with $19 trillion in profits and cost savings coming from IoT over the next decade, according to Cisco Systems. Forrester Research reports that 82 percent of companies will have IoT applications implemented into their business in some way by 2017. And a recent finding from IDC predicts that the worldwide IoT market will grow to $7.1 trillion by 2020, compared to $1.9 trillion in 2013. These are just a couple of examples. Do a quick Google search and you’ll find many, many more. While some of the specific metrics sometimes conflict, the overall message is clear — IoT is here and it is making a splash.