The term 'Internet of Things' was first coined in 1999 by Kevin Ashton. By 2010, the number of smartphones and tablets connected to the Internet reached 12.5 billion, marking the birth and popularization of the Internet of Things between 2008-2009. IT experts and stakeholders believe that the Internet of Things will ultimately benefit the world by reducing energy consumption by up to 40% and enabling revenue growth opportunities for companies like Intel and Cisco. Cisco IBSG predicts there will be 25 billion devices connected to the internet by 2015 and 50 billion by 2020.

1. In 1999
The term ‘Internet of Things’ was
first coined by Kevin Ashton
Smartphones and Tablet PCs
connected to the Internet
reached to 12.5Bn in 2010
The Internet of Things was
‘Born’ and got ‘Popularised’
Between
2008-2009
Internet of Things
IT experts and Internet of
things stakeholders believe
that it will ultimately benefit the
world
IoT has the potential to reduce
energy consumption by up to 40%
83% 40%
8%
year
by
year
Intel has seen revenue
growth to 14.4Bn from
IoT
25 Bn by 2015
50 Bn by 2020
Cisco IBSG predicts there will be 25 billion
devices connected to the Internet by 2015 and
50 Billion by 2020
IoT Predictions
Cisco’s CEO John Chambers estimated the
market value of the IoT could reach as high
as $19 trillion by 2020
$19 trillion
by 2020
Device shipments will reach 6.7 billion in
2019for a five-year CAGR of 61%
Experts View
IoTwill have 26Bn units installed by
IoTmarket is expected to reach
$3.04 trillion in
IoThas the potential to create an economic impact of $2.7
trillion to $6.2 trillion annually by
McKinsey Global Institute
IDC
Gartner
26Mn people will car pool
by 2020
of manufacturers will offer
smart products by 2016
53%
94Mn smart meters were
shipped worldwide in
2014, and will reach
1.1Bn by 2022
of the IT opportunities associated with
the Internet of Things
will be driven by the need to improve the
customer experience
<300Mn Connected
Devices in 2015
Expected to reach
1Billion by 2017
References
gartner.com
cloudtweaks.com
businessinsider.com
cisco.com
baselinemag.com
computerweekly.com
marsdd.com
verizonventures.com
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Smart-home security and safety will
represent the second-largest service
market by revenue in 2017
By 2020, there will be
a quarter billion
connected vehicles
By End of 2015, 4.9Bn connected things will be in use and
expected to reach 25Bn by 2020
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IoT:Changing
Paradigms in Technology