IoT connections to touch 83 billion by 2024: report
A new study by Juniper Research has found that the total number of #IoT connections will touch 83 billion by 2024, up from the present-day 35 billion connections.
This, said the research firm, represents a growth of 130 percent over the next 4 years. The industrial sector will be the key driver of this growth.
The new research, The Internet of Things: Consumer, Industrial & Public Services 2020-2024, found that the industrial sector, including manufacturing, retail and agriculture, would account for over 70 percent of all IoT connections by 2024. It anticipated that the emergence of cost-efficient private cellular networks would be a key driver of growth over the next 4 years.
Hugh Taylor
Hugh Taylor is a Certified Information Security Manager (CISM). In addition to editing Journal of Cyber Policy, he writes about cybersecurity, compliance and enterprise technology for such clients as Microsoft, IBM, SAP, HPE, Oracle, Google and Advanced Micro Devices. Prior to launching his freelance writing career, he served in executive roles at Microsoft, IBM and several venture-backed technology startups.