Internet of Things devices will surpass smartphones by 2021

Before we reach 2021, there will be more internet-connected devices (IoT) than smartphones, Ericsson said in its latest Mobility Report. Projected growth of these devices is 400 percent in the next five years, with a total of 16 billion devices expected by that time. One of the main drivers of adoption will be regulatory requirements, Ericsson argues, saying that things like smart utility meters will be leading the charge. Paired with a growing demand in internet-connected cars, and you get a significant spike in adoption. "IoT is now accelerating as device costs fall and innovative applications emerge. From 2020, commercial… [Continue Reading]