Today’s Experts Predict 25 Billion IoT Devices by 2025, a Drastic Decline from the Eye-Popping 1 Trillion Predicted in 2012; PsiKick Infographic Illustrates Decline in Predictions, Points to Battery Life as Contributing Factor
PsiKick, Inc., a venture-backed startup pioneering wireless, batteryless IoT sensing systems, released a new infographic titled “Why are Internet of Things (IoT) Expectations Shrinking?”
Today’s Experts Predict 25 Billion IoT Devices by 2025, a Drastic Decline from the Eye-Popping 1 Trillion Predicted in 2012; PsiKick Infographic Illustrates Decline in Predictions, Points to Battery Life as Contributing Factor
The infographic, available for download here, highlights the drastic decline in the number of IoT devices expected by leading technology and research firms—starting with IBM’s prediction of 1 trillion connected devices by 2015, then Cisco’s revised forecast of 50 billion devices by 2020, and most recently, GSMA’s prediction of a mere 25 billion IoT devices by 2025.
PsiKick, which last month debuted its self-powered Steam Trap Monitor (STM)—a solution that utilizes the heat of a steam system itself to power sensors that continuously analyze steam traps to detect real-time failure—hypothesizes in the infographic that the reason the number of IoT devices continues to fall short of expectations is due to our continued reliance on batteries to power these devices. Thinking through the logistical and financial implications of replacing batteries on such a monumental scale, it becomes clear that batteries cannot support the IoT ecosystem envisioned by these leading firms.
Read More: Microsoft and Nielsen Accelerate Retail Innovation Through Data and AI; Announce Strategic Alliance
