Real life examples of the Internet of Things

Internet of Things is fascinatingly spread in our surroundings and the best way to check it is to go to a shopping mall and turn on your Bluetooth. The devices you will see is merely a drop in the bucket of the Internet of Things. Cars, watches, printers, jackets, cameras, light bulbs, street lights, and other devices that were too simple before are now connected and continuously transferring data. It is to keep in mind that this progress in the Internet of Things is only three years old and it is not improbable to expect that the adoption rate of this technology will be something that we have never seen before.

The last decade tells us that the increase in the Internet users was exponential where it reached the first billion in 2005, the second in 2010 and the third in 2014. Currently, there are 3.4 billion Internet users in the world. Although this trend looks unrealistic, the adoption rate of the Internet of Things is even more excessive. The reports say that by 2020, there will be 50 billion connected devices in the world and 90% of the vehicles will be connected to the Internet. This expansion will bring $19 trillion in profits by the same year. By the end of this year, wearables will become a $6 billion market with 171 million devices sold.

As the section suggests, we will discuss different kinds of IoT devices available in the market today. The section will not cover them all, but to an extent where the reader will get an idea about the possibilities in future. The reader will also be able to define and identify the potential candidates for future IoT devices.