Future IoT: Trillion In Revenue, 27 Billion Connections

The long-term view of the Internet of Things shows high numbers across the board. Global volume of IoT connections will increase from 6 billion last year to 27 billion by 2025, according to a new report. The IoT Global Forecast and Analysis 2015-2025 report from Machina Research comprises analysis of the future of global IoT connections, applications, technology, traffic and revenue based on the firm’s IoT forecast database. Almost three-quarters (71%) of IoT devices use short-range connections, such as WiFi and Bluetooth, and the top areas of use are consumer electronics and building security and automation. That aspect of the IoT appears to be stable, since the longer-range projection is for such connections to increase only 1% to 72%. Cellular network connected devices will continue to grow in volume, but…

Link to Full Article: Future IoT: Trillion In Revenue, 27 Billion Connections

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