Sensor-filled wristbands feeding personal tracking and health data up to the cloud. Smartphone-connected toothbrushes. Bluetooth-enabled scales. Lighting systems controlled with apps on tablets. Garbage containers that relay messages to city planners who can optimize trash collection services. Cars that talk to other cars and sense ways to avoid accidents.
The face of mobile devices and machine-to-machine connectivity is changing the Internet of Things (IoT), and IoT is winning a lot of attention from the tech sector and adoration from Wall Street, investors, and venture capitalists.
In fact, the market is growing hand-over-fist. Global machine-to-machine (M2M) connections are expected to hit a quarter of a billion this year, according to a recent report by the GSMA. In 2013 that number reached 195 million M2M, showing a growth curve of nearly 40% per year between 2010 and 2013. Estimates from various sources for the number of IoT-enabled devices coming to market by 2020 reach well into the billions -- double-digit billions, like 20 million to 50 billion.
For the full story, see EETimes's sister site EBN Online.
— Jennifer Baljko is a freelance writer.