IoT connected devices is expected to experience a 23 percent growth rate over the next five years

In a recent mobile technology report from Ericsson, researchers are predicting that between now and 2021, IoT is expected to increase at a compounded annual growth rate (CAGR) of 23 percent, making up close to 16 billion of the total forecast 28 billion connected devices in 2021. Energy drink brand Red Bull recently teamed with AT&T to globally connect up to 1 million of the company’s beverage coolers though the telecommunication firm’s IoT (Internet of Things) solution. The rollout allows Red Bull to track and manage “the supply and demand of the coolers to make sure that the beverages are cold and ready for shoppers, and help provide efficiency for workers who no longer have to check the status of the units manually,” AT&T said.