The Internet of Things market stronger than the smartphone industry

Thematic press review dedicated to the battle between the IoT and smartphone devices. The Internet of Things market continues to grow and is expected to overtake that of smartphones by 2018. However, it is a development trend experiencing some unexpected slowing down as a direct result of the rivalry with mobile devices.

In 2018 more IoTs than smartphones

The deadline is set: 2018. This will be the year that IoT devices overtake smartphones, at least according to forecasts by Ericsson, also taken from the website Business2Community. Thanks to an average annual growth of 23%, in little over 12 months, the devices connected to the IoT will claim more sales (in volume terms) than the latest generation of mobile phones.

Target missed

The future of the Internet of Things, however, is not all rosy. The growth rate is high, the potential is enormous, but less than what was previously thought. The promise of 50 billion connected devices by 2020 is now an unattainable dream. 30 billion may be more realistic. A setback that forced the experts to revise their estimates and their market development hypothesis, explains an article from Corriere Comunicazione.

Smartphones are to blame

What has caused this slowdown? Smartphones. Despite predictions that they will be overtaken in terms of sales, mobile devices do not want to give up the throne. What is still keeping them competitive, says Fortune, is the ability to adapt to operate services and functions similar to those of the IoT devices, with the advantage of already being familiar to customers.

A possible synergy

In fact, beyond the juxtaposition of the “market”, IoT devices and smartphones have many things in common. As a matter of fact, one could speak of real integration possibilities, as described by an article in the newspaper La Stampa, which would benefit both. The future may very well provide us with mobile phones capable of learning.