The Internet of Things (IoT), the term covering all non-PC, -tablet or -smartphone connected devices, will grow to 26 billion installed units by 2020 according to Gartner, growth of almost 3000% from 0.9bn in 2009.
The analyst also reports IoT product and service vendors will make revenues exceeding $300bn in 2020, with global economic value-add through sales into diverse end markets worth $1.9 trillion.
The Internet of Things is the network of physical objects carrying embedded technology allowing communication, sensing or interaction with internal states or external environments. It includes hardware (the actual "things"), embedded software and communication/information services associated with the things.
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