Facebook Twitter LinkedIn RSS
    Trending
    • Galaxy Backbone to power smart police station across Nigeria
    • Nigeria and Japan unveil $11.2 million innovation hub in Abuja to propel economic diversification
    • Tenda and Coscharis Tech fortify alliance to bolster Nigeria’s Digital Landscape
    • NIBSS launches payment solution to advance Nigeria’s digital financial future
    • Firm launches tool to extract intelligence from unstructured business data
    • When Solving Real Challenges Goes Beyond Products & Services: PalmPay’s Bold Move for Social Impact in Northern Nigeria
    • USSD Users to Pay ₦6.98 per 120 Seconds as End-User Billing Starts Today
    • Nigerian Minister Dr. Bosun Tijani elected Vice Chair of ITU Council
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»Report projects 41 billion IoT devices by 2027
    News 2 Mins Read

    Report projects 41 billion IoT devices by 2027

    mmBy ITPulseJuly 8, 2020
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Business Insider Intelligence report released recently has projected that there will be more than 41 billion IoT devices by 2027, up from about 8 billion in 2019.

    The report titled ‘The Internet of Things Report’ also noted that 5G networks will figure into many companies’ IoT projects before the year is out, with 39 percent of them planning to support 5G in IoT products and services before 2021.

    Other key takeaways from the report include the fact that AI and machine learning are critical systems that are continually evolving to provide IoT users with the tools they need to parse mountains of data and quickly discern usable insights, while edge computing solutions are growing more central to IoT discussions and increasingly sophisticated as companies seek to reduce data transmission costs and lower latency.

    The report also highlighted that IoT systems and solutions are iterating rapidly and providers are coming to meet more and more of companies’ and consumers’ needs, even as emerging tools and technologies like smart speakers, machine learning, and 5G are enabling huge gains to efficiency and more control at home and in the workplace.

    The continued growth of the IoT industry is going to be a transformative force across all organizations. By integrating all of our modern-day devices with internet connectivity, the IoT market is on pace to grow to over $2.4 trillion annually by 2027.

    Artificial Intelligence Internet of Things
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    Galaxy Backbone to power smart police station across Nigeria

    June 21, 2025

    Nigeria and Japan unveil $11.2 million innovation hub in Abuja to propel economic diversification

    June 20, 2025

    Tenda and Coscharis Tech fortify alliance to bolster Nigeria’s Digital Landscape

    June 20, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    Galaxy Backbone to power smart police station across Nigeria

    June 21, 2025

    Nigeria and Japan unveil $11.2 million innovation hub in Abuja to propel economic diversification

    June 20, 2025

    Tenda and Coscharis Tech fortify alliance to bolster Nigeria’s Digital Landscape

    June 20, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    Galaxy Backbone to power smart police station across Nigeria

    June 21, 2025

    Nigeria and Japan unveil $11.2 million innovation hub in Abuja to propel economic diversification

    June 20, 2025

    Tenda and Coscharis Tech fortify alliance to bolster Nigeria’s Digital Landscape

    June 20, 2025
    Popular Posts

    Tenda and Coscharis Tech fortify alliance to bolster Nigeria’s Digital Landscape

    June 20, 2025

    NIBSS launches payment solution to advance Nigeria’s digital financial future

    June 19, 2025

    African innovators face perception deficit despite remarkable growth, says report

    June 16, 2025
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.