Generating new revenue streams through intelligent IoT connectivity

By 2025, more than 100 billion Internet of Things connected devices are predicted to be live, generating an overall revenue of close to $10 trillion, writes Neil Hamilton, VP of Business Development at Thingstream

The industry’s unprecedented growth to date looks poised to continue globally over the next few years, with the sensors market alone estimated to grow at a CAGR of 26.91% during 2016 to 2020. This has provided businesses with a huge opportunity to utilise IoT applications to reshape their business models, fully optimise their performance and open up new revenue streams through wide-scale, intelligent solutions. This has contributed to the global implementation of IoT across many sectors, as businesses look for new and innovative methods in which to manage and monetise their services.

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