The Internet of Things (IoT) is growing at an unprecedented rate and can help businesses deliver new opportunities and be successful in the long run. The promise of a vibrant future that IoT holds can be deciphered from the following facts:
7 billion active IoT devices on a global level (IoT Analytics report)
The number of IoT devices that are active is expected to grow to 10 billion by 2020 and 22 billion by 2025. (IoT Analytics report)
By the end of 2021, the internet of things and is expected to be worth 520 billion U.S. dollars. (Statista)
Certain innovative IoT trends are already giving businesses the opportunity to digitally innovate itself. The Internet of Things has a lot to offer to help businesses gain the edge over competitors. If you’re a business wanting to leverage IoT to the core, you must know about everything that a Modern IoT platform should have in 2019.