IOT MOBILE
How is IoT innovation changing the mobile sector and what are the key trends driving digital disruption ?
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The Internet of Things ( IoT ) is radically redefining connectivity on a global scale . IoT technology is permeating new industries and markets at an incredible speed . Experts estimate that , by the end of 2020 , there will be more than 31 billion IoT devices connected to the internet , and 127 new ones are being connected every second . This staggering growth is affecting every industry vertical in every market , as more and more companies begin to reach a mature relationship with the technology . IoT spending is also growing massively . In 2016 , global IoT spending totalled $ 737bn . In 2020 , that figure is expected to reach $ 1.29trn .
In short , IoT technology is the process of connecting physical things ( everything from cars and home appliances to barometric pressure sensors and parking meters ) to the internet . The technology allows for massively increased data gathering capabilities , greater transparency , and facilitates more computing to take place nearer to the edge of networks .
JULY 2020