What are the projections for the future of IoT devices?

The future of IoT has the potential to be limitless . Advances to the industrial internet will be accelerated through increased network agility, integrated artificial intelligence (AI) and the capacity to deploy, automate, orchestrate and secure diverse use cases at hyperscale.

Statista predicts an exponential rise in the global mobile apps market from 462 billion USD in 2019 to 935 billion USD by 2023. Another study by Statista projects that IoT devices’ total installed base will reach 30.9 billion mark by 2025 .

????The Internet of Things future: According to market researches, the number of connected IoT devices will exceed 75 billion by 2025 . There exist more optimistic estimates giving even greater numbers (up to 100 billion) of IoT tools/devices expected to be active by the same year.

IoT Can Help Insurers Prevent Losses Connected devices and massive real-time data streams will not only allow insurers to accurately predict potential losses but also alert customers of potential loss before it occurs.