Number of connected IoT devices to hit 125 billion by 2030, says IHS Markit

Number of connected IoT devices to hit 125 billion by 2030, says IHS Markit IoT News is a practical resource providing news, analysis and opinion on the burgeoning Internet of Things ecosystem, from standardisation, to business use cases, and development opportunities. We take the best research and put our own spin on it, report from the frontline of the industry, as well as feature contributions from companies at the heart of this revolution.

The number of connected Internet of Things (IoT) devices will jump on average 12% each year from 27 billion this year to 125bn in 2030, according to new research from IHS Markit.

The eBook, titled ‘The Internet of Things: A Movement, not a Market’, explains how the IoT is creating competition by transforming day-to-day business practices and bringing in new opportunities. It is expected that over the next 15 years, worldwide data transmissions will increase yearly from 20 to 25% to an average of 50% every year.

Jenalea Howell, research director for IoT connectivity and smart cities at IHS Markit, said: “The emerging IoT movement is impacting virtually all stages of industry and nearly all market areas — from raw materials to production to distribution and even the consumption of final goods. This represents a constantly evolving movement of profound change in how humans interact with machines, information and even each other.”

Meanwhile, a survey from Gartner showed that PCs, tablets and smartphones shipments globally will increase 2% year over year to over 2.35 billion units in 2018, establishing the highest year on year growth since 2015. The survey also projected that shipments of conventional PCs will see a 4.4% decline in 2018 but shipments of mobile devices will see a 2.4% increase. in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.

The show is co-located with the AI & Big Data Expo, Cyber Security & Cloud Expo and Blockchain Expo so you can explore the entire ecosystem in one place.

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