Why one should even bother
$1.7 trillion: The amount to which Internet of Things (IoT) market will triple to by 2020.
$ 140 billion: The amount global manufacturers will invest in IoT solutions in the next 5 years.
50 billion: The number of devices that will be connected to the Internet of Things by 2020.
Hence, anyone looking for the next theme that will create opportunities for momentum investing doesn’t have to look further. It is going to go beyond technology movement to become a productivity movement that will drive the entire economy. The first thing that comes to one’s mind while thinking of IoT is smart home appliances and smart wearables. But the term encompasses a much larger and less visible universe of uses- everything from cars to oil rigs and factory machinery that exchanges data between one another.