Economic and Perceptual Change: Forecasts For The Internet of Things
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עברית (Hebrew)
The Internet of Things (IoT) trend is becoming more central in our lives and surrounds us everywhere. In everyday life this means the smart house concept, in which different electronic devices are connected to the internet and make our lives easier. Central governments, both local national, are also exstensively using IoT and benefiting greatly from integrating more and more systems such as cameras, street lights and traffic lights – all routed to one system which processes the massive amounts of data, reaches conclusions and thus helps the whole system to become more efficient.
If this is how the trend looks like today, its impact being so great on so many aspects of our lives, what will become of it in the future? This intriguing questions has been an object of research by several leading research insitutions while Forbes megazine has taken it upon itself to gather the main conclusions.
So what are are the central forecasts in this issue and what does the future of IoT have in store?
- The Internet of Things will bring about a change in global economy – Integrating this trend in more and more systems around the world will have crucial influence on the growth of global markets and their re-organization. This means lower costs and higher benefit from analyzing such massive amounds of data gathered by all the various sources connected to the internet. The Internet of Things market itself will grow from $780 billion in the past year to an expected $1.68 trillion in the year 2020, which will enlarge the market in the form of new demands and new solutions.
- In the year 2020 around 30 billion devices will be connected to the Internet of Things – In 2015, 4800 end points were connected to the internet every minute and estimations are that by 2020 that number will grow to 7000. As for general means connected to the IoT, in 5 years their number will grow from 10 billion to 30 billion, 19 billion in North America alone.
- The Internet of Things will become almost exculsively owned by corporations – By the year 2017, 70% of this trend consumers will be corporations and only 30% will be private users. Along with that, corporations will be in charge of around 90% of all data running through the network.
- Most users of IoT will be in North America – Due to the fact that western economy is more evolved than that of Africa and East Asia, the commercial companies that work inside it will invest more resources in integrating the IoT into their work concepts.
- The Cellular communications industry will be the one to invest in integrating the trend more that any other sector – Along with cellular communications companies, banks, commercial companies, security companies and investment companies will develop and integrate the trend much more than other sectors.
- The Internet of Things is picking up across the world – In 2015, 36% of all commercial companies in North America and 79% of those all over the world are using this trend in some way or another.
- Lower costs and better service – The main reasons that more comapnies are integrating this work concept is that it can save them a lot of money along with the service given to the companies’ clients is better. A happy costumer means more money.
The Internet of Things that’s sweeping the entire world brings with it many good things, but no good comes without the bad. Therefore, companies must account for the dangers that may arise from such a technological world, as more technology means more chances for hackers to break into the system and steal data.
