IoT is Blooming – Connections to Hit 83 Billion by 2024
According to the latest report from Juniper Networks, IoT connections will reach 83 billion by the end of 2024. The overall IoT connections are estimated to reach 35 billion in 2020 – which indicates a massive growth of nearly 130% within the next four years. The report titled “The Internet of Things: Consumer, Industrial & Public Services 2020-2024” was focused on the potential of the IoT in IT, networking, and technology business operations. Many experts had already predicted that the investment in IoT devices and ventures would be doubled over the next five years. The report shows that the industrial sector has a bigger hand in the dramatic rise in IoT connections.