The Internet of Things represents a major departure in the World Wide Web’s development. The (IoT) has become a powerful force for business transformation, and its disruptive impact will be felt across all industries and all areas of society.

In 2015,

4.9 billion connected things are

in use, up 30%from 2014.

As a result, by the end of

2017, more than 20% of organizations will have digital security services devoted to protecting

business initiatives using devices and services in IoT.

And that number will reach

25 billion by 2020, according

to Gartner.

Cisco research indicates that approximately

50 billion devices will be connected

through IOT by 2020.

By 2020, the IOT is forecasted to yield

$ 8.9 trillion revenue.

Technology and services spending is expected to generate global revenues

of up to $14.4 trillionby 2022.

Service Revenues for the IoT will reach

$500 Billionby 2018, dwarfing the

$33 Billionin revenue expected from devices in 2018.

The potential economic impact of IoT will be

$2.7 trillion to

$6.2 trillion per year by 2025.

According to a report by the

Economist Intelligence Unit, 75% of C-suite business leaders from across industries are already exploring the IoT.

15% of organizations across the globe already have an IoT solution in place.

53% plan to implement one within the next 24 months, and another 14 % in the next two to five years.

30% of executives feel that it will unlock new revenue opportunities, while nearly as many

(29%) believe it will inspire new working practices.

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THE BRIGHTFUTURE OF IOT

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