Verizon reveals that while the IoT has expanded massively in the last couple of years, we’ve barely scratched the surface.
The Internet of Things has certainly transcended beyond its state of infancy and is well on its way of gaining momentum, according to Verizon at least. In its latest findings, the carrier revealed that more than a billion devices are already connected and running business-to-business IoT operations.
In its “State of the Market” report, Verizon published that there were 1.2 billion various smart devices, and that the number is expected to rise to 5.4 billion by 2020 for an annual growth rate of 28%.
“It’s not hype. The Internet of Things is already having a massive impact on business. It offers organizations the opportunity to transform how they operate, and gives both new entrants and established players the ability to innovate and disrupt,” the company writes. “Adoption is growing rapidly, but IoT isn’t…
View original post 469 more words