Infographics Everything you need to know about the Internet of things Ian J.H Reynolds Explore Ian J.H Reynolds' expertise in finance and economics through his insightful articles on market trends, investment strategies, and economic analysis. More posts by Ian J.H Reynolds. Ian J.H Reynolds 10 Jun 2020 • 1 min read What Is It? A global network of connected people and devices What Is It Enabled By? Decreasing technology costs, sensor, connectivity, APIs, and more. What Devices Are Involved? Artificial limbs Parking spaces Pacemakers Toothbrushes Kitchen appliances Wearable devices Jet engines Thermostats Cars Medical Devices Personal appliances Home security systems Curling irons What Are Ways To Connect? Human to Human Human to Device Device to Device What Industries Will Be Impacted? Virtually all including manufacturing, retail, transportation and logistics, healthcare, energy, agriculture, financial. By 2020, How Many Devices Will Exist? Gartner 26 Billion Units Cisco 50 Billion Units Intel 200 Billion Units IDC 212 Billion Units What Will Market Size Be? $8.90 Trillion by 2020 - IDC $14.4 Trillion by 2022 - Cisco What Are The Business Challenges? Enabling customer privacy and property rights Managing vast amounts of data Over-reliance on technology Meeting customer needs and expectations LinkedIn Twitter Email