Does IoT have future?

The IoT embeds some intelligence in Internet connected objects to communicate, exchange information, take decisions, invoke actions and provide amazing services.

 It has an imperative economic and societal impact for the future construction of information, network, and communication technology. In the upcoming years, the IoT is expected to bridge various technologies to enable new applications by connecting physical objects together to support the intelligent decision making. As the most cost-effective and performant source of positioning and timing information in outdoor environments, the global navigation satellite systems(GNSS) has become an essential element of major contemporary technology developments notably including the IoT, Big Data, Smart Cities and Multimodal Logistics. By 2020, there will be more than 20 billion interconnected IoT devices, and its market size may reach $1.5 trillion. Projections for the impact of IoT on the Internet and economy are impressive, with some anticipating as many as 100 billion connected IoT devices and a global economic impact of more than $11 trillion by 2025