IoT technology has been steadily emerging for the last decade. But in the coming years, it’s poised to take over big time. Where smart speakers were once in 6.6% of US households in 2016 and 32% in late 2018, that number is expected to rise to 75% of homes by 2025 — and that’s just one example of this rapidly growing sector.
With the network of devices expanding and becoming more commonplace in daily settings, the interconnected “world of the future” is shaping up around us. And it’s this rapid IoT transformation that’s paving the way for new innovations and possibilities — as well as fresh competitive advantage for brands who jump on board.