Introduction to the Internet of Things (IoT) & Machine-to-Machine (M2M) Industry

To put the massive scale and potential of Internet of Things (IoT) technology in perspective, consider the following: In a world of roughly 5.4 billion people with access to the internet (about two-thirds of the world’s population), about six times as many (29.3 billion) networked devices were forecast to be connected to the internet by 2023, according to projections by network device firm Cisco. Over the very long term, trillions of objects, points of geography, buildings, devices, appliances, vehicles, etc. may eventually be communicating with each other and with major computer systems via networks, fixed or wireless, over the IoT. Spending on IoT-specific hardware, software and services worldwide was estimated at $262.5 billion for 2023 by Plunkett Research.

Selected Technologies that Have Deep Synergies with the IoT & Data Analytics

Artificial Intelligence (AI)

Autonomous Vehicles and Intelligent Transportation

Robotics and Automation

Cellular Telephone Networks and Smartphones

Sensors

Smart Meters and Energy Systems

Wi-Fi and Wireless Networks

RFID

Predictive Analytics

Satellite Communications

Big Data and Data Mining

Cloud Computing

Machine to Machine (M2M) Communications

Source: Plunkett Research, Ltd.

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Introduction to the Internet of Things (IoT) & Machine-to-Machine (M2M) Industry, Business and Industry Trends Analysis

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