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16-09-2019
Reading time: 4 min.
Internet of Things continues to grow worldwide
178 billion
Consumers are responsible for the most significant growth on the IoT market, especially due to the ongoing popularity of smartphones, tablets and computers. By the end of this year, 7.9 billion IoT devices will be in use all over the world. In terms of money, that amounts to 178 billion dollars spent on IoT. By 2024, it is expected that there will be 13.8 billion IoT devices worldwide. Total value in dollars: a whopping 658 billion.
178 billion
Consumers are responsible for the most significant growth on the IoT market, especially due to the ongoing popularity of smartphones, tablets and computers. By the end of this year, 7.9 billion IoT devices will be in use all over the world. In terms of money, that amounts to 178 billion dollars spent on IoT. By 2024, it is expected that there will be 13.8 billion IoT devices worldwide. Total value in dollars: a whopping 658 billion.
Businesses are investing heavily
The business sector is a close second when it comes to the growth of the number of active IoT devices. This development also leads companies to invest more in data centres, applications, cloud computing and network connections.
IoT pays off
It is interesting to see in which countries the Internet or things is used the most. China and Germany lead the way, both with 88 percent. Rompa produces finished goods with IoT applications in these two countries. We have two production facilities there. We also see that IoT solutions are in high demand among large organisations all over the world. This popularity is partly due to the fact that they offer a solution for boosting an organisation's efficiency, increasing its revenue (both financially and in terms of production) and raising the quality of its services or products.
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Collaborating with Rompa Group
Rompa Group keeps a close eye on the latest developments in the world of IoT. We have the knowledge and expertise to collaborate with you and develop products that you can bring to market. We will assist you throughout the entire development process from initial design to final product. If you want to know more, you can contact Peter Dielissen, our IoT specialist, by calling +31 (6) 2972 1173 or by sending an email to:[email protected].
