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What would be the economical impact of IoT?

A number of companies and research organizations have offered a wide range of projections about the potential impact of IoT on the Internet and the economy during the next five to ten years.

Cisco, for example, projects more than 24 billion Internet–connected objects by 2019. Morgan Stanley, however, projects 75 billion networked devices by 2020. Looking out further and raising the stakes higher, Huawei forecasts 100 billion IoT connections by 2025.

McKinsey Global Institute suggests that the financial impact of IoT on the global economy may be as much as $3.9 to $11.1 trillion by 2025.

While the variability in predictions makes any specific number questionable, collectively they paint a picture of significant growth and influence. 

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