Internet of Things Market Growing? PsiKick Infographic Explores Shrinking Expectations
October 31, 2018 / IoT.Business.News
Today’s Experts Predict 25 Billion IoT Devices by 2025, a Drastic Decline from the Eye-Popping 1 Trillion Predicted in 2012; PsiKick Infographic Illustrates Decline in Predictions, Points to Battery Life as Contributing Factor. PsiKick, Inc., a venture-backed startup pioneering wireless, batteryless IoT sensing systems, today released a new infographic titled “Why are Internet of Things (IoT) Expectations Shrinking?” The infographic, available for download here, highlights the drastic decline in the number of IoT devices expected by leading technology and research firms—starting with IBM’s prediction of 1 trillion connected devices by 2015, then Cisco’s revised forecast of 50 billion devices by 2020, and most recently, GSMA’s prediction of a mere 25 billion IoT devices by 2025.