The business of ‘Internet of Things’ is a reef: will move 600,000 million in 2022

The digital interconnection of everyday objects with the Internet, called Internet of Things or IoT, its acronym in English, will generate a turnover of 596,000 million euros in 2022 worldwide, according to a report from the lab VINT of Sogeti.
According to the report, the sectors in which the implementation of solutions IoT will have greater influence are construction (smart buildings) and automotive, in which 213,000 million and 175,000 million, respectively, were generated.

Behind these, utilities, with 44,000 million euros, smart cities, with 21,000 million euros, and industry, with 17,000 million euros, are the other sectors where the IoT generate more business, reports Ep. The report also reveals that the concept of smart cities aglutinará investments from diverse backgrounds, including those related to intelligent buildings, cars and energy suppliers.

Thus, from 2010 to 2020 the development of such cities or projects based on IoT within them generate an investment volume of 108,000 million euros. The study explains that the rapid development of smart cities is driven by the fact that while half the world’s population lives in cities, by 2050 this proportion will be 75%. He also notes that 80% of CO2 emissions are produced in cities and in which 80% of the wealth is generated.

source: Economista.es

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