The scale of the Internet of Things (IoT) is mind-boggling. Statista has projected that the number of connected devices will exceed 75 billion by 2025. According to GlobalData forecasts, spending on IoT technologies will reach $318 billion by 2023, up from $130 million in 2018.
The IoT is transforming entire industry sectors, from manufacturing to healthcare to retail, enabling organizations of all sizes to reduce costs, operate more efficiently and serve their customers better. Smart connected devices also make it possible to better manage remote infrastructure, track assets and reduce downtime through predictive maintenance.