IoT Market – Forecast & Predictions | An Infographic

A lot of research has come up in past few years which has glorified impact on Internet of Things which has become next big industry-changing technology.

Enterprises have started view IoT as a new revenue stream. Predictions have come up like, Verizon predicts IoT-related spending will grow from 1 trillion in 2019. The number of IoT devices at 21 billion by 2020. As the world population is projected to be around 8 billion in 2020 which explains that the anticipated two to three IoT devices for every person on the planet in four years.

Let us have a close look on more predictions.