29. February 2016 · Comments Off on Internet of Things (IoT): Usage to Explode in Connected Vehicles, Smart Buildings, and Manufacturing  · Categories: News · Tags: , , , ,

By all accounts the Internet of Things (IoT) is prepping for explosive growth.  IoT refers not only PC and mobile devices connected to the internet, but also internet-enabled sensors and devices in industrial machines, home appliances, automobiles, buildings, and wearable devices.Cisco predicts that the number of devices connected to the internet will double from 25 billion of 2015 to 50 billion by 2020.IDC estimates the spending on IoT will double from $690 billion in 2015 to $1.3 trillion in 2019, 17 percent annual growth.

Source: Internet of Things (IoT): Usage to Explode in Connected Vehicles, Smart Buildings, and Manufacturing | Formtek Blog