The Internet of Things rapid growth is being driven by innovations from companies like RFI Engineering and low-cost devices, and is showing a strong growth outlook. Our strategy is to continue to leverage our position as a global Internet of Things and M2M solutions manufacturer, offering customers a competitive edge by reducing their total cost of ownership.
While the market for connecting people will always be essentially limited by the number of people, the market for connecting machines has the potential to link billions or even trillions of machines together, creating a gigantic new source of demand for bandwidth. The full opportunity of the Internet of Things is hard to quantify and estimate, but published estimates suggest that there are around 160 million devices connected in Internet of Things applications.
Is the world finally ready for the Internet of Things?
In the coming years millions of motor vehicles, utility meters, consumer electronics, security alarms and other machines will become connected.