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So fast is growing the “Internet of Things”

Friday, July 12th, 2019 by Helge

IoT2025The fact that the number of connected devices (machines, sensors, cameras and much more) is growing faster than ever is no novelty. Now, the analysis giant IDC has presented a new forecast for exactly how fast growth will be until 2025.

The so-called Internet of Things, or Internet of Things (IoT), will in 2025 consist of 41.6 billion units, which together will generate slightly inconceivable 79.4 zettabytes (ZB) data – which corresponds to a compound annual growth rate (CAGR) on 28.7 percent per year until 2025.

Some of these data are small and temporary in nature, such as a rapid measurement of a machine’s health and performance, while much larger amounts of data will be generated by surveillance cameras which, using high definition video, are used to, for example, analyze crowds.

Also units used for industrial and medical purposes will increasingly generate significant amounts of data in the future. The industry and the automotive industry will see the fastest growth of generated data during the forecast period, with a CAGR of as much as 60 percent. This is the result of the increasing number of “things” (in addition to video cameras) that continuously record data, as well as the emergence of increasingly advanced sensors that record more (and more multifaceted) readings or machine functions.

These data can contain both sound, image and video – which is often “heavy” data. If, in addition to pure data collection, some form of data analysis is also created or new data is created through the implementation of artificial intelligence, the amount of data per such unit grows at a much higher rate than the amount of data generated per connected video surveillance camera.

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