The last few years have seen the Internet of Things (IoT) grow from a theoretical concept to a major priority for many organizations. As companies integrate IoT devices into their network infrastructures, they are looking for new ways to utilize them and manage the data they collect. Given the tremendous impact these devices are likely to have on the world, it’s worth looking at a few key Internet of Things statistics.
What is IoT?
In a very general sense, IoT refers to a broad range of internet-connected devices that are capable of communicating with other devices and networks. They can perform a variety of functions but are most often used to gather information and perform specific actions. While many of them have the ability to process data, some are only intended to gather and transmit data elsewhere for processing.
The advantage of IoT devices is that their connectivity greatly enhances functionality and market reach. Since they can connect to a broader network, they can have extensive functionality with relatively modest hardware capabilities. They are crucial for automation strategies and can be used to control a variety of tasks and functions remotely.
IoT Statistics: How Many Internet-Connected Devices Are There?
1. There Will be 41 Billion IoT Devices by 2027
That’s a lot of devices. When looking at the raw number of connected devices Business Insider predicts will be connected to the internet by the end of the decade, it’s easy to lose sight of how large the figure actually is. For context, take a moment to look at the difference between a million and a billion in terms of time:
One million seconds is roughly equal to 11.5 days.
One billion seconds is roughly equal to 31.75 years.
The difference between a few million IoT devices and a few billion, then, is quite staggering. Other estimates that push IoT projections farther into the future provide even more striking numbers, forecasting as many as 125 billion IoT devices by 2030.
2. By 2023, 70% of Automobiles Will Be Connected to the Internet
Autonomous vehicles are coming, whether people like it or not. While precise numbers are difficult to determine, the automotive industry alone has invested over $100 billion on research and development of self-driving cars over the last five years alone. While driverless cars may not be taking over the highways soon, their need to gather and analyze huge amounts of data will demand more sophisticated edge data centers capable of directing the resulting digital traffic.
Even if self-driving vehicles aren’t here yet, existing automobiles are increasingly incorporating IoT features. From sensors that transmit usage and mechanical condition data to manufacturers and dispatchers to internet connectivity that facilitates better GPS and driver comfort, today’s vehicles offer as much connectivity as the modern home. The computing power that makes this connectivity possible will make IoT-enabled vehicles valuable tools in edge computing frameworks.
Read More: Under The Radar: Internet Of Things Explodes In 2020