IoT Growth Slower Than Expected

Units won’t crack billion/year until 2019

Rick Merritt, EETimes
7/25/2017 07:01 PM EDT

SANTA CLARA, Calif. – The Internet of Things is not growing as fast as expected but it is growing thanks to more integrated parts and low power networks, an analyst said. Fueling the engines, Andes Technology announced four new cores for IoT gateways and other uses.

The IoT market won’t hit a run rate of a billion units a year until 2019, said Mike Demler, senior analyst with the Linley Group in an event here. By then lower costs and greater ease of use should push the consumer market into high gear, pushing ahead of the industrial sector and toward a total 2.3 billion-unit market in 2023.

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