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Connected Living Spaces To Dominate, Says Report

The IoT is gathering pace and, according to Matt Hatton, CEO at analyst firm Machina Research, this is only set to accelerate at a speed of 18% CAGR until 2024. By then, the company predicts 27 billion devices with some sort of internet connection, up from five billion in 2014. "Growth will be rapid. 69% of connections by 2024 will be of short range [with technologies such as PLC, Wi-Fi and Zigbee)," Hatton said. "Connected living and working, which includes smart home, building automation, etc, will dominate 83% of the market." CBR lists the top ten trends driving the IoT market towards that 83% market share.

Read the whole story at CBR Online »

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