{"id":5934,"date":"2015-12-24T07:00:28","date_gmt":"2015-12-24T15:00:28","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=5934"},"modified":"2015-11-11T08:36:04","modified_gmt":"2015-11-11T16:36:04","slug":"internet-of-things-iot-the-number-of-connected-iot-devices-expected-to-grow-exponentially","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/internet-of-things-iot-the-number-of-connected-iot-devices-expected-to-grow-exponentially\/","title":{"rendered":"Internet of Things (IoT): The Number of Connected IoT Devices Expected to Grow Exponentially"},"content":{"rendered":"

McDonald’s restaurants used to count the number of hamburgers sold. \u00a0In 1962 they hit one million. \u00a0By the mid-1970’s<\/a> they were counting in the billions. \u00a0In 1976 it was 20 billion. \u00a0The signage displayed on the golden arch logo at each restaurant kept a rough tally\u00a0of the count of how many hamburgers\u00a0all restaurants\u00a0had sold. \u00a0Eventually the count got too high and the golden arch sign changed to read simply “billions and billions”. \u00a0Basically the number got too big to keep tracking.<\/p>\n

Will the same fate eventually hit the Internet of Things (IoT)? \u00a0That we’ll lose track of how many devices we’ve connected to the internet? \u00a0In our now digitally- and data-obsessed world, probably not. \u00a0Especially since devices aren’t consumed the same way that hamburgers are. \u00a0By any count though, there are already a lot of IoT devices.<\/p>\n

Gartner estimates <\/a>that by next year there will be about 6 billion internet-connected devices with 5.5 million devices added daily, eventually\u00a0growing to\u00a020.1 billion by 2020. \u00a0Cisco estimates<\/a> that there are actually 10 billion IoT devices among a pool of potentially 1.5 trillion devices that could be enabled.<\/p>\n

Jim Tully<\/a>, 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. \u00a0Aside from connected cars, consumer uses will continue to account for the greatest number of connected things, while enterprise will account for the largest spending. \u00a0Connected 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.”<\/p>\n

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McDonald’s restaurants used to count the number of hamburgers sold. \u00a0In 1962 they hit one million. \u00a0By the mid-1970’s they were counting in the billions. \u00a0In 1976 it was 20 billion. \u00a0The signage displayed on the golden arch logo at…<\/span><\/p>\n

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