The real question isn't simply, "How big is the Internet of Things today?" but what the future holds.
One near-certainty is that we'll continue to see more connected objects, particularly within industries that have already seen success. Retailers, for instance, could go beyond "smart shelves" to connecting individual products and manufacturers that want to add sensors to additional parts of their supply chains.
The growth of the IoT isn't limited to devices. Business leaders should watch as more platform services emerge to strengthen IoT security, analyze data and facilitate machine-to-machine (M2M) interactions with the help of artificial intelligence (AI).
We'll probably also see the IoT grow in terms of front-end business applications, such as dashboards, that can be used by businesses, customers and even citizens who live in smart cities.
How big is the IoT? Really big—but poised to get much, much bigger.
Learn more about how Verizon can help your business make the best use of technologies like AI and the IoT.