With the internet of things, your device can become more intelligent than it would without it.
Internet connectivity allows devices to share data to make commands and processes that can enhance a consumer's life. Take your smartphone, for example, now you can control multiple devices with it, even from a distance. A smartphone can monitor your home security system, control your front door, control electronics, update you on smoke and carbon monoxide levels, adjust your thermostat, water your plants and a lot more.
Devices with IoT features use sensors and as this technology will become more common in use, sensors will become more affordable and the sensor market is expected to grow through 2023. New sensors that can detect more situations and events are also forecasted to be brought forward. Algorithms will become more and more capable and the internet of things will become stronger. Data from social media and the daily lives of consumers will be brought together and devices will help make our lives smoother. This will impact greatly how we live.
Salesforce has observed that broadband devices in the U.S. own more than 10 linked devices. Moreover, consumers' interest in buying these devices is continuing to grow and 75% of people say that a smart home's ability to connect with other devices influences their decision to purchase it.
According to Gartner, in 2019 there were 14.2 billion connected things and this number is expected to increase to 25 billion in 2021.