Flourishing Internet of Things still faces adoption, security challenges, Juniper finds [Portfolio]

Internet of Things (IoT) growth predictions have been bullish for a number of years, and new data from Juniper Research predicts the number of connected devices will triple in the next five – but that rosy forecast comes with some caveats.

The recently released The Internet of Things: Consumer, Industrial & Public Services 2016-2021 predicts the number of connected IoT devices, sensors and actuators will hit more than 46 billion in 2021, which is a 200 per cent increase from 2016. The growth will be driven in large part by a reduction in the unit costs of hardware, the organization found, forecasting that industrial and public services will post the highest growth over the next five years, averaging more than 24 per cent annually.

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