Asked by: Abdelkebir Yatzunovtechnology and computing internet of things
How fast is IoT growing?
Last Updated: 9th May, 2020
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Also question is, how fast is the Internet of things growing?
The global Internet of Things (IoT) marketis projected to grow from $2.99T in 2014 to $8.9T in 2020,attaining a 19.92% Compound Annual Growth Rate (CAGR).Industrial manufacturing is predicted to increase from $472B in2014 to $890B in global IoT spending.
Also, how many IoT devices are there estimated to be in the world? 7 billion
Also, how many devices will be connected to the Internet by 2020?
The number of IoT devices that are active isexpected to grow to 10 billion by 2020 and 22 billion by2025.
What does IIoT mean?
industrial internet of things