Reports indicate there were more than 35 billion Internet of Things (IoT) devices installed worldwide at the end of 2021 with some 75 billion expected by 2025.
Other IoT trends:
- On average there are now 50 connected devices per household
- 5G technology alone will power 1.3 billion mobile IoT devices by 2023
- Consumers are now connected more than ever, with an incredible 127 devices connecting to the internet every second
- Companies could invest up to $15 trillion in IoT by 2025
That last IoT trend stat is particularly interesting because it shows that companies are beginning to see IoT devices’ potential. IoT statistics show that several healthcare providers, manufacturers, and municipalities have already chosen to invest in IoT technology.
Forecasts by experts show that the IoT market in North America is set for a period of growth due to smart factories and businesses’ growth. The world’s biggest economy is leading the way again, with consumer electronics and transportation as the two leading sectors.
Smart factories in North America are predicted to be worth more than $500 billion in 2022.
They are set to revolutionize the manufacturing process and increase productivity substantially.
Experts in this area feel that the future of IoT has limitless potential. Advances to the industrial internet will be accelerated through increased network agility, integrated artificial intelligence (AI) and the capacity to deploy, automate, orchestrate and secure diverse use cases at hyperscale.
But it’s important to point out that the future potential of IoT is not just in enabling billions of devices simultaneously, but leveraging the huge volumes of actionable data which can automate diverse business processes.
Many feel that as networks and IoT platforms evolve to overcome these challenges, through increased capacity and AI, service providers will edge furthermore into IT and web scale markets – opening entire new streams of revenue.
Want to learn more? Tonex offers IoT Training Crash Course, a 3-day course where participants learn about the dynamics of the IoT markets, technology, trends, planning, design and the convergence of platforms and services, with a special focus on the product design, architecture and implementation.
Additionally, Tonex offers several more IoT courses, such as:
Industry 4.0 Training (2 days)
IoT Security Training (2 days)
LTE-M and NB-IoT Crash Course (2 days)
The Internet of Things Training (2 days)
IoT Wireless Connectivity Bootcamp (2 days)
For more information, questions, comments, contact us.