How IoT is Bringing Change in Technology Space

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Internet of Things App Development

Everybody is talking about Internet of Things today. The technology is there at our homes embedded in a smart device, in the car, in our mobiles and at many other places. The technology is growing at a lightening speed to help developer create innovation through mobile applications. In order to bring an insight of this budding technology, Appdexa, the global marketplace decided to dive deep into its growth in different sectors.

Here is How IoT is Expanding : Click To Tweet

Here is How IoT is Expanding :

Growth in the Economy

Appdexa’s research predicts the expansion of Internet of Things from $780 billion (presently) to $1.6 trillion by 2020 expanding at 16.9% growth.

 

IoT in Numbers

IoT is expected to grow from 50 million to 4.9 billion by the end of 2020. The number of Internet of Things connected devices will thus grow more in number.

Internet of Things

IoT in Public Sector

The revenue for Internet of Things from public sector is expected to reach to 4.6 trillion by the end of 2020.

 

The Growth in Private Sector

Private sector is expected to grow much more with the help of Internet of Things. The expected expansion will go around 14.4 trillion.

 

In Terms of Innovation

Till 2012, there were just 10% IoT connected cars and the percentage by the end of 2020 is expected to reach to 90%. Google’s self-driving car is a great example to it.

 

Conclusion

Internet of Things is a revolutionary technology because of the potential it holds. Right from CISCO to IBM and to the Apple, Internet of Things is playing a major role in the embedding technology into a host of things. This innovation technology is greatly bringing change in the world of technological space. However, it will take a few years for Internet of Things to grow prominently. IoT has already become a part of our daily lives in the form of smart homes.

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About Appdexa

From a newly established entity to a global marketplace now, Appdexa has reached to a avenue where it is helping Mobile App Development Companies and the concerned users alike. The marketplace has been built to act as a directory of global mobile app development and Mobile App Marketing Companies so that users could easily find them. This way, the platform is bridging the gap between the companies and the users in a professional way.