According to Gartner forecast, there are 8.4 billion internet-connected IoT devices in use currently and most new business systems and business processes will incorporate IoT. Ericsson Mobility report predicts that the number of IoT connected devices will reach 28 billion marks globally by 2021 and it would surpass the number of mobile devices.
Cisco estimates endorses that point as they predict that there would be 3.4 connected devices per person by 2020. All these statistics shows why IoT is the hottest emerging technology and it has a bright future ahead. Even businesses have started taking IoT seriously and are looking to maximize their efficiency by using internet of things. We might see a significant increase in investments in the field of internet of things.