Brookings Research reports that the Internet of Things (IoT) market will hit the $20 billion mark by 2020. The Internet of Things will give consumers the opportunity to remotely control objects and finally be able to build automated homes, also known as smart homes.

1. The Chaos That the Internet of Things Needs to
Organize Before it Hits Mass Market
{ 2009
202026 billion
0.9 billion
Gartner’s projection reports that“The Internet of Things
(IoT), which excludes PCs, tablets and smart phones, will
grow to 26 billion units installed in 2020…IoT products
and service suppliers will generate incremental revenue
exceeding $300 billion, mostly in services.”
units
installed
The Internet of Things
(IoT) is a rather new
concept but it’s quite
simple to understand.
The term describes the
internet in things, or the
sensors in things that
connect everyday
objects to the internet
and converts them into
smart devices.
An engineering team from
Stanford University recently
reported developing an
ant-size, non-battery
operated sensor that“costs
pennies to fabricate”.