An Ericsson Mobility Report was published yesterday, revealing that the Internet of Things (IoT) is set to overtake mobile phones as the largest category of connected devices by 2018. (NASDAQ)
What is the IoT?
The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals and people with unique identifiers that can transfer data over networks without requiring human-to-human or human-to-computer interaction.
A "thing” in the Internet of Things can be a person with a heart monitor implant, a farm animal with a biochip transponder, an automobile that has built-in sensors to alert the driver when tire pressure is low -- or any other natural or man-made object that can be assigned an IP address and provided with the ability to transfer data over a network.
It’s all part of what Ericsson describes as our "evolution towards the Networked Society.”
- Between 2015 and 2021, the number of IoT connected devices is expected to grow 23% annually, with cellular IoT forecasted to have the highest growth rate
- There are currently 5 billion mobile subscribers (unique users) in the world today
- Teenage use of cellular data for smartphone video grew 127% in just 15 months, effectively changing industry TV/video viewing behaviour
- LTE subscriptions grew by 150 million during Q1 2016, bringing the worldwide total to 1.2 billion
- Global mobile data traffic grew 60% in the year leading up to Q1 2016
- From 2020, commercial deployment of 5G networks will provide additional capabilities that are critical for IoT’s expansion
- 16 billion connected devices are forecasted to join the IoT by the end of 2021
- By the same year, smartphone subscriptions alone will have almost doubled, from 3.4 billion to 6.3 billion