IoT Connected Devices Triples To 38 Billion By 2020

According to new data from Juniper Research, the number of IoT (Internet of Things) connected devices will number 38.5 billion in 2020, up from 13.4 billion in 2015: a rise of over 285%, driven by a surge in connected industrial applications. The new research, The Internet of Things: Consumer, Industrial & Public Services 2015-2020, found that while the number of connected devices already exceeds the number of humans on the planet by over 2 times, for most enterprises, simply connecting their systems and devices remains the first priority.While IoT ‘smart home’ based applications grab media headlines, says the report, it is the industrial and public services sector (such as retail, agriculture, smart buildings and smart grid applications) that will form the majority of the device base. This is due in no small part to a much stronger business case for these types of applications.

For the full story read Mediapost and to read the press release about the report click Juniper Research