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exponential-growth-predicts-analysts-of-iot
exponential-growth-predicts-analysts-of-iot

“Exponential growth” predicts analysts of IoT

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The amount of devices and data networks supporting industrial IoT continues to grow exponentially as wireless continues to connect dispersed systems together.

With this in mind there can be no surprise that according to multiple analyst reports, the Internet of Things (IoT) is expected to see at least 10 times growth between now and the year 2020 – forecasts based on both market size and the number of connections across the globe. The adoption of IoT technology is resulting in significant advancements across all kinds of industries, from consumer to industrial, and making the possibilities of a connected world almost limitless.

Despite the undeniably intriguing future of a connected world, IoT is still very fragmented. Very recognisable on the industrial side, these diverse markets require vastly different solutions based on specific considerations for security, networking, technology and probably most pointedly, daily operations. For example, oil and gas producers have different requirements than manufacturers, which have different requirements than government entities, and so on. There is however, one common thread ever-present across the fabric of the entire industrial IoT ecosystem – wireless networks.

When we talk about IoT, most people think of data and devices, and how the two are inextricably linked together; thus the concept behind Machine to Machine (M2M). Without wireless communications as the conduit to deliver data between devices (or machines), M2M and therefore IoT wouldn’t exist.

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