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Interesting Facts You Should Know About the Internet of Things

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IoT:Changing Paradigms in Technology intelligentia solutions for success In 1999 The term ‘Internet of Things’ was first coined by Kevin Ashton The Internet of Things was ‘Born’ and got ‘Popularised’ Internet of Things Between 2008-2009 Smartphones and Tablet PCs connected to the Internet reached to 12.5Bn in 2010 83 IT experts and Internet of things stakeholders believe % that it will ultimately benefit the world 40% IoT has the potential to reduce energy consumption by up to 40% Intel has seen revenue year growth to 14.4Bn from by IoT year 8% IoT Predictions 50 Bn by 2020 $19 trillion by 2020 25 Bn by 2015 Cisco IBSG predicts there will be 25 billion devices connected to the Internet by 2015 and 50 Billion by 2020 Cisco’s CEO John Chambers estimated the market value of the IoT could reach as high as $19 trillion by 2020 6.7 billion in 2019 for a five-year CAGR of 61% Device shipments will reach Experts View IoT has the potential to create an economic impact of $2.7 trillion to $6.2 trillion annually by McKinsey Global Institute IoT will have 26Bn units installed by Gartner IoT market is expected to reach $3.04 trillion in IDC of the IT opportunities associated with the Internet of Things will be driven by the need to improve the customer experience 53% 94Mn smart meters were of manufacturers will offer smart products by 2016 shipped worldwide in 2014, and will reach 1.1Bn by 2022 26Mn people will car pool by 2020 Expected to reach 1Billion by 2017 Smart-home security and safety will represent the second-largest service market by revenue in 2017 <300Mn Connected Devices in 2015 By End of 2015, 4.9Bn connected things will be in use and expected to reach 25Bn by 2020 By 2020, there will be a quarter billion connected vehicles intelligentia solutions for success Intelligentia is an IT Services, consulting and technology solutions provider for the leading companies across the globe. We are Cloud Alliance Partners of Salesforce and Consulting Partner of Amazon Web Services. With expertise in Cloud Computing, CRM solutions and Mobile Marketing products, we enable our clients to accelerate their business processes and hence enhance growth. Visit us for more information: www.intelligentia.co.in gartner.com cloudtweaks.com References baselinemag.com computerweekly.com businessinsider.com verizonventures.com cisco.com marsdd.com


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