Enterprises have started view IoT as a new revenue stream. Predictions have come up like, Verizon predicts IoT-related spending will grow from 1 trillion in 2019. The number of IoT devices at 21 billion by 2020. As the world population is projected to be around 8 billion in 2020 which explains that the anticipated two to three IoT devices for every person on the planet in four years.
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Cloud to take up 90% of IoT data by 2020, says IDC. IDC's FutureScape report reveals the latest findings and predictions on the Internet of Things (IoT) between 2015 and 2020. CBR highlights 10 need-to-know predictions from the report's findings. 1.
The first and major issue related to its adoption is its scalability. Though transaction networks are capable of processing thousands of transactions per second without any failure, when it comes to Bitcoin (roughly, 3 to 7 transactions per second,) and Ethereum ( 15 to 20 transactions), there is a remarkable slowdown in processing the transactions, making Blockchain unviable for large-scale applications.
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Industry experts estimate there will be 20+ billion connected devices online by 2020, representing an overall IoT market size of $200+ billion. Other studies have predicted much higher growth, suggesting the annual IoT global economic value will exceed the US ... Continued