For the Internet of Things (IoT) to really take off, it’s going to need a couple of things (at least): universally speedy broadband and coverage that’s broad across the globe.
IoT is expected to generate more than 20 zettabytes, or 20 trillion gigabytes, of data by 2025.
Broadband speeds are expected to quadruple to 87 Mbps in a decade — meaning that a two-hour high definition movie can be downloaded in 7 minutes as compared to approximately 28 minutes today.
Who’s ready for this?
“Asia Pacific leads in terms of speed, but broadband penetration rates in 2025 are expected to remain disparate and varying between countries in the region,” reports Enterprise Innovation. “Developed markets like South Korea (99 percent), Singapore (95 percent) and Hong Kong (95 percent) can be seen as achieving ubiquity, while India, Indonesia, and other Asia-Pacific countries lag behind with penetration rates of 10 percent or less.”
Research also shows that more than 40 billion devices will be connected to the Internet by 2025 with the majority of IP traffic generated by non-PC devices.
“Close to two-thirds (64 percent) of those connections will be used by machine-to-machine devices, 26 percent from smartphones, 5 percent from tablets, 4 percent from feature phones and only 1 percent from laptop PCs,” notes EI.
Interestingly, consumer IoT is projected to be the largest segment, reaching 13 billion devices by 2025, partly due to the growth of devices like smart watches and activity trackers.