That’s because businesses have the capital and reach to purchase IoT devices and services on a large scale. They will see benefits from the IoT accrue fast enough to spur further adoption and investment. IoT devices range from robot-like units to tiny chips that hook into industrial or office machines allowing the user to fully control the device, or merely collect specific data from it. The enterprise will be the largest IoT device market: There will be a total of 23.3 billion IoT devices connected by 2019 across all sectors, we estimate. Of those 23.3 billion devices, the enterprise market will account for around 40% of the total or 9.1 billion devices, making it the largest of the three IoT sectors. The enterprise IoT will be massive on its own, larger than the mobile market strictly defined. That also means that in 2019 the enterprise IoT alone will be larger the entire smartphone and tablet markets combined, which BI Intelligence forecasts will include around 6 billion devices by 2019. In an IoT report from BI Intelligence, we size the enterprise IoT market, noting the breakdown between hardware versus software spending, and determine which industries will upgrade to the IoT first. We examine how businesses are already using IoT systems and what barriers might still stand in the way of IoT enterprise upgrades. Read more: Business Insider
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