IoT Ideas and Business Opportunities in 2020

In 2020, there are more devices connected to the Internet than people and the gap continues to grow. The last year ended with 4 billion Internet users worldwide, while the Internet of Things included 7 billion devices. It is also expected that by the end of 2020, the number of connected devices will reach 10 billion.

In terms of science, IoT (Internet of Things) is a network of interrelated devices such as digital machines and computers, that have their UIDs (unique identifiers) and can transfer data from one to another without requiring special human-to-computer interactions.

But what about IoT opportunities for business? Nowadays, IoT is a powerful economic driver and the area where you’ve got extra chances to get funding for your startup. In the article, we’ll describe key results of IoT market revolution and point out some Internet of Things business opportunities.

Why IoT Has a Lot of Business Opportunities

IoT business opportunities are endless as this web segment covers most everyday life and market areas. It connects various tech products from banking terminals to smart home platforms. From the engineering point of view, IoT era begins at the point where there more devices than people connected to the web. In 2008, the point was reached and since then we…