Without a doubt, the “internet of thigns” is going to be huge. A 2015 McKinsey Global Institute report states the economic impact for IoT devices could reach between $3.9 trillion and $11.1 trillion by 2025.
The report cites industrial and commercial applications as the biggest users of IoT technologies, followed by cities (improving public safety, outdoor streetlight control, etc.), and personal use (health improvement and monitoring, managing illnesses, etc.).
As the market further materializes, what will be the key factors to ensure device success when millions of products enter the marketplace?
