Niligo is pioneering in the Internet of Things, not because of smart devices, software and services, but also making them cheaper and easier to use.
Next Big Thing: Internet of Things
The number of cellular IoT connections is expected to reach 3.5B in 2023, increasing at a CAGR of 30%, according to Ericsson.
IoT devices and services will reach an inflection point of 18% to 20% adoption in 2019.
Worldwide technology spending on the Internet of Things to reach $1.2T in 2022, attaining a CAGR of 13.6% over the 2017-2022 forecast period.
Combined markets of the Internet of Things will grow to about $520B in 2021, more than double the $235B spent in 2017.
This should be enough to understand the enormity of Internet of Things.
The combination of AI, machine learning and contextually rich, real-time data streams delivered by IoT sensors and networks is going to make IoT business cases compelling in 2019.
IoT is the cornerstone of many organizations’ digital transformations, enabling them to optimize existing operations and excel at creating and pursuing exciting new business models.