The Internet of Things“The Internet of Things will be as transformative to the world as was the Industrial Revolution”

What is the Internet of Things?The IoT Ecosystem

Market Drivers And Barriers

Sizing of the Market

The internet of things is the network of physical devices embedded with electronics, software, sensors, and network connectivity that enables devices to collect and exchange data.

The IoT ecosystem is a system consisting of networks of sensors, actuators, and smart objects to send a command or a request for information over a network to an IoT device, with a purpose of interconnecting “all” things, including everyday and industrial objects, device than process the command and send info back over the network.

Four market Drivers• Expanded internet

connectivity•High mobile adoption•Low-cost sensors•Large IoT investments

Four Barriers•Security concerns•Privacy concerns• Implementation problems• Technological

fragmentation

The three entities using IoT ecosystems include businesses, governments and

consumers.

Consumers5B Devices Installed By 2020$900M Spent (2015-2020)$400M ROI (2015-2025)

Governments7.7B Devices Installed By 2020$2.1B Spent (2015-2020)$4.7B ROI (2015-2025)

Businesses11.2B Devices Installed By 2020$3B Spent (2015-2020)$7.6B ROI (2015-2025)

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