How is the world changing and, how IoT can play an integral role in this changing world? That’s the question which pops up in every mind when seeing all those stats and IoT news. According to SAP; In 2016, the world population surpassed 7.3 billion, meaning the number of people on Earth has doubled in […]
Interconnected devices or what is known as IoT (Internet of Things), IIoT (Industrial Internet of Things) or IoE (Internet of Everything) is the fastest growing technology revolution undergoing in the world today. Conservative estimates put Industrial IoT market at US $15 Trillion in 10 years time.Accenture reports IoT market was worth US$ 20 billion in 2012 and is expected to reach $500 billion in 2020 and $15 trillion by 2030. IDC has that market to be worth $665 billion in 2014 and reaching $1.7 trillion by 2020. It is expected that by 2020 over 29 billion devices will be connected and 31% of the economy will be just devices.