IoT Growth

The driving forces for IoT growth are as shown in below figure

  • 1. As of 2013, 9.1 billion IoT units
  • 2. Expected to grow to 28.1 billion IoT devices by 2020
  • 3. Revenue growth from $1.9 trillion in 2013 to $7.1 trillion in 2020

Drivers of IoT Growth - "Why Now"