Internet of Things Becomes Internet of Everything
The range and wealth of low-cost, low-power sensors available today have the potential to turn almost any ‘thing’ into a connected device. These ‘things’ can then collect data that can be used to monitor conditions, generate insights or make predictions about the future. Integration with other technologies such as the cloud, machine learning, edge computing, automation and big data further expand the scope of what is possible. Most notably, integration with AI enables devices to respond intelligently to triggers and solve problems without human intervention. This continues to develop interconnectedness of technology and the capabilities of IoT solutions. Furthermore, it supports the deployment of devices in an ever-greater range of locations.
In consequence, the need for IoT connectivity to operate effectively and securely anywhere on the planet is increasing. Currently, around a third of the world’s IoT connected devices are located in greater China. Ranking second and third respectively are Europe and North America. Together, these three regions are responsible for more than 75% of the global total of connected IoT devices today. This is largely due to these being highly populous and wealthy regions, capable of investing in advanced technological solutions. The India and South Asia region is set for the strongest growth over the forecast period, followed by Sub-Saharan Africa. India is one of the fastest-growing economies with increasing reputation as a technology and services hub. Sub-Saharan Africa demonstrates the second fastestgrowth rate thanks to its rapid population expansion and its low starting value.