11 predictions about the Internet of Things: great potential, China is the leader

If you usually pay attention to tech news, then you must have heard of the Internet of Things (loT), which is essentially everything around us that can connect to the Internet, including cars, kitchens, factory conveyors, containers, jet engines, and more. When we connect these things to the Internet, we will be able to collect and analyze relevant data and enable them to be automated.

At present, household appliances are becoming more and more intelligent. For example, printers will order ink when there is less ink, or the washing machine will put a proper amount of laundry liquid at work and make more supplies before the laundry liquid is used up.

As more and more companies, governments and consumers begin to focus on and use IoT products, the potential for IoT technology is still huge. Let's take a look at the following predictions about the Internet of Things:

1) The price of connecting IoT devices will be very cheap, in some cases as low as 50 cents.

The reason why the cost is so low is because the data transmitted by the IoT device is very small, which is equivalent to sending a text message every month, and can also run the old 3G network.

2), Cisco believes that the development and growth rate of the Internet of Things will catch up with the Internet.

First, business users will expand their IoT deployments in their enterprise, and then mass consumers will begin deploying IoT devices at home. Deloitte Certified Public Accountants said that in 2015, 60% of IoT devices were purchased and used by companies.

3) Currently, AT&T has connected approximately 6 million vehicles to the Internet, but by 2020 there will be more than 250 million vehicles connected to the Internet.

These connected cars will bring new opportunities for software updates, engine notifications, semi-automatic and autopilot functions, which is why NVIDIA created an autonomous driving platform called Drive PX 2 to test autonomous vehicles. In 2025, the value of the self-driving car market will be as high as $42 billion.


4), Cisco believes that there will be 50 billion IoT devices in 2020, while research firm Gartner believes that this number should be 25 billion.

In either case, the number of IoT devices in 2020 will increase significantly from last year's 4.9 billion units.

5) Smart cities will become an important part of the development of the Internet of Things.

About half of the world's population already lives in cities, and as the population grows, local governments are looking for ways to intelligently manage transportation, water and sewerage systems, crime, and energy conservation. In 2015, smart cities have 1.1 billion connected to the Internet, and this number will rise to 2.6 billion this year.

6) In the future, the Internet of Things will become a very normal phenomenon, gradually integrating with our daily life.

Although many people will question why these things that were previously unrelated to the Internet must now be connected to the Internet, Cisco believes that people will soon say "why these things would have not connected to the Internet before."

7), data research company Gartner pointed out that connected kitchens will be an important part of the Internet of Things.

Gartner said that in the next four years, the food and beverage industry will save about 15% of the cost, mainly because companies began to use sensors to track food inventory and generate automated ordering functions.

8) The Internet of Things has huge market potential.

McKinsey said the value of the IoT market will grow to $11 trillion by 2025, while Cisco believes that this figure should be $19 trillion. In either case, the IoT market has great potential, and companies will have a great opportunity to make money from this market.

9) Smart watches and other wearable technologies will become an important part of the consumer Internet of Things.

In 2015, the global shipment of wearable devices was 80 million units, and this number will increase significantly in the future. Research firm IDC pointed out that in 2019, shipments of wearable devices will soar to 214 million. Apple Watch is the main driver of wearable technology and currently accounts for 74% of the smart watch market.

10) In the next few years, smart home will become an important part of the Internet of Things.

At present, many large technology companies have begun to enter the smart home field. Household appliances are becoming more and more intelligent: for example, printers will order ink when there is less ink, or the washing machine will put an appropriate amount of laundry liquid at work and make more supplies before the laundry liquid is used up. Amazon promises that the first batch of products that support "Dash One-Click Replenishment" will achieve the above. Some time ago, Amazon announced that these devices have been officially on sale, including some brother brand printers, a class of GE brand washing machines and Gmate intelligent blood glucose monitors. At the same time, Amazon also uses its Echo smart speakers as a hub for smart homes.

11) China is the leader in the Internet of Things market

The United States is unlikely to lead the IoT revolution, because China's current development in the Internet of Things has surpassed other countries in the world, and this trend will continue for some time in the future. According to a forecast from research firm ABI Research, China's Internet of Things revenue will reach 41 billion US dollars by 2020, which is much faster than other countries.

summary

Obviously, the Internet of Things is a real technology that will have a major impact on our daily lives. In the future, with the cooperation of the government and enterprises, the Internet of Things will be closely related to the world we live in, and a large number of companies and consumers will benefit from it.


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