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The Internet of Things might seem like it only benefits large corporations with massive budgets, but the IoT has already started to bear fruit for small businesses, too. In fact, approximately 57% of small business think the IoT will have a significant effect on their bottom line, according to an AVG survey.
BI Intelligence expects that from 2015 to 2020, business investments in the IoT will grow from $215 billion to $832 billion. This is just one slice of the overall pie, as compounded, we project more than $6 trillion will be spent on IoT solutions between 2015 and 2020 among businesses, consumers, and governments.
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