The freight train that is the Internet of Things (IoT) is gaining steam. Machina Research expects the global IoT market to more than quadruple between 2014 and 2024, growing from $900 billion to $4.3 trillion. Within the next eight years, Machina estimates there will be 30 billion connected IoT devices; investment in IoT will be upwards of $1.6 trillion.
Next big thing for the Technology Industry is Internet of Everything. The concept is to bring people, process, data and things together to make networking more relevant. This is a great economic opportunity for the businesses to use the information and provide new capabilities and richer experience to their customers.