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By 2020, forecasts suggest that there will be around **** network connected devices per person around the globe. With a total world population of over *** billion people, this means that there could be nearly ** billion network connected devices by 2020.

Internet of Things (IoT)

Growing shares of electronic devices are being manufactured with internet capability in order to have access to web resources, track data for their users and provide greater coordination between devices. The connected network of these devices is referred to as the Internet of Things (IoT), a rapidly growing industry which amasses tens of billions of dollars in sales each year. IoT technology is used across a variety of different subsystems, including connected homes, wearable devices, industrial internet, and even connected cities, and throughout a range of different industries, such as healthcare, transportation, and manufacturing. With the amount of benefits that network connectivity has to offer to devices, internet capability is becoming an increasingly standard feature on all types of consumer electronics and appliances.