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IoT: Unlocking the PotentialBy all accounts, the Internet of Things is going to be big -- to the tune of 30 billion connected devices by 2020. According to a report by BTE Intelligence earlier this year, there will be 34 billion devices connected to the Internet by 2020, up from 10 billion in 2015. The Internet of Things has the potential to drive economic impact of $4 trillion to $11 trillion per year in 2025, according to a separate report by the McKinsey Global Institute. Business-to-business applications will most likely capture more value -- nearly 70% -- than consumers use even though consumer applications, including fitness monitors and autonomous cars, currently garner the most attention. While the IoT will have the biggest impact in advanced economies, developing countries could generate nearly 40% of IoT's value or close to half in some settings, the report said.
![](http://img.lightreading.com/telcotransformation/infographics/TELCO_TT_infg_2_122116_v1_500.jpg") — Mike Robuck, Editor, Telco Transformation |
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