2019 is showtime for IoT in which today’s thousands of devices become millions

Executive insights from 1NCE CSO Alexander Bufalino At the dawn of the Internet of Things, it was routinely projected that IoT would be a market of billions of devices. In fact, most predicted there would be tens of billions of connections live by the dawn of next decade. Back in 2011, Ericsson’s then-CEO Hans Vestberg estimated that there would be 50 billion connected devices by 2020. Now, it seems the prophets were over-enthusiastic and projections will not be hit in the timescales suggested. Ericsson itself now projects there will be 1.5 billion IoT devices with cellular connections by 2022.

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