IecWP loT2020 LR

Internet of Things (IoT) market forecasts show that IoT is already making an impact on the global economy. While estimates of the economic impact during the next five to ten years vary slightly (IDC estimates USD 1,7 trillion in 2020, Gartner sees a benefit of USD 2 trillion by that time, and McKinsey predicts growth of USD 4 trillion to USD 11 trillion by 2025), there seems to be a consensus that the impact of IoT technologies is substantial and growing.