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Internet of Things (IoT): The Number of Connected IoT Devices Expected to Grow Exponentially
McDonald’s restaurants used to count the number of hamburgers sold. In 1962 they hit one million. By the mid-1970’s they were counting in the billions. In 1976 it was 20 billion. The signage displayed on the golden arch logo at each restaurant kept a rough tally of the count of how many hamburgers all restaurants had sold. Eventually the count got too high and the golden arch sign changed to read simply “billions and billions”. Basically the number got too big to keep tracking.
Will the same fate eventually hit the Internet of Things (IoT)? That we’ll lose track of how many devices we’ve connected to the internet? In our now digitally- and data-obsessed world, probably not. Especially since devices aren’t consumed the same way that hamburgers are. By any count though, there are already a lot of IoT devices.
Gartner estimates that by next year there will be about 6 billion internet-connected devices with 5.5 million devices added daily, eventually growing to 20.1 billion by 2020. Cisco estimates that there are actually 10 billion IoT devices among a pool of potentially 1.5 trillion devices that could be enabled.
Jim Tully, vice president and analyst at Gartner, said that “IoT services are the real driver of value in IoT, and increasing attention is being focused on new services by end-user organisations and vendors. Aside from connected cars, consumer uses will continue to account for the greatest number of connected things, while enterprise will account for the largest spending. Connected things for specialized use are currently the largest category, however, this is quickly changing with the increased use of generic devices. By 2020, cross-industry devices will dominate the number of connected things used in the enterprise.”
