A new year has barely settled in, and already, the IoT (Internet of Things) is fueling changes in the telco industry. According to Gartner, the 8.4 Billion connected "Things" in use today will balloon to an unprecedented 20.4 billion by 2020. The largely consumer-fueled growth will be driven by three regions: North America, Western Europe, and mainland China.
The concept of a network of smart devices was recorded more than 35 years ago when Carnegie Mellon University modified a Coke machine to report its inventory and the temperature of newly loaded drinks via an Internet connection1.
The proliferation of the Internet of Things (IoT) comes with numerous potential benefits. Baby monitors, smart meters, even the connected car are all made possible by IoT technology. With this, the sheer volume of IoT connected devices is projected to explode in coming years, surpassing even the number of mobile handsets we use today.
Written by Dan Meyer, Contributing Writer for RCR Wireless News.
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