"The Internet of Things (IoT) will overtake mobile phones as the “largest category of connected device” by 2018, predicts Ericsson in its latest Mobility Report.

The Internet of Things (IoT) will overtake mobile phones as the “largest category of connected device” by 2018, predicts Ericsson in its latest Mobility Report.

The report, published today, reveals IoT, which is categorised as connected cars, machines, utility metres, remote metering and consumer electronics, will surpass standalone mobile phones in 2018, with growth in connected devices “driven by emerging applications and business models”, as well as falling device costs.

According to the report, IoT connected devices overall will hit almost 16 billion of a total 28 billion connected devices by 2021, representing a CAGR of 23 per cent annually (see image below, click to enlarge).

Of those, ‘only’ 1.5 billion will have a cellular subscription, growing from approximately 400 million at the end of 2015."

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Source: http://www.mobileworldlive.com