IoT Deployments Appear Immune to Pandemic

Internet of Things connections driven by early industrial deployments and pandemic-driven telemedicine applications are projected to reach 83 billion by 2024, a 130 percent growth rate, as IoT platform revenues jump an estimated 20 percent this year to $66 billion, according to estimates released this week by Juniper Research.

Juniper predicts IoT deployments will be largely unaffected by the economic down draft created by COVID-19 and are forecast to jump 180 percent over the next four years as more automation hits the factory floor and machine-to-machine communication networks expand.