The Internet of Things is Set to Double in Size by 2026

[Kathleen Martin]

These days almost every appliance that you have in your home has some kind of smart setting that allows you to connect it to the internet. Such features are useful because of the fact that this is the sort of thing that could potentially end up allowing you to access your appliances remotely, and that is why so many manufacturers are trying to hop onto the bandwagon with all things having been considered and taken into account. With 5G adoption finally becoming commonplace, we might see a massive growth spurt in the Internet of Things. This refers to the interconnected network of all of your smart appliances, and with all of that having been said and now out of the way it is important to note that this industry is set to double in size by 2026. It is estimated that there were around 2.1 billion connections to the internet of things in 2021, and this number is expected to grow to around 4.3 billion by 2026. The growth of the Internet of Things is closely linked to 5G adoption rates, and whenever a new region gets access to this high speed mobile internet it will most likely see an upsurge in devices that get connected to it. Unsurprisingly, the three regions that will be driving much of the growth in the IoT’s connections are Western Europe, China as well as North America.
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