VentureBeat September 19, 2022
The Internet of Things (IoT) is still caught in a tug-of-war between robust demand and the continuing chip crisis. Despite semiconductor shortages and other headwinds, such as supply chain issues, political rumblings and regular COVID-19 flare-ups, the number of connected IoT devices is predicted to reach 14.4 billion this year and 27 billion in 2025.
The fact that soon every possible thing will be able to connect to every other thing, and to every person with an online device, will lead to profound changes in behavior. At 97 percent ownership, mobile phone coverage in the United States is nearly universal. 85 percent of Americans own a smartphone, 77 percent have a computer of some kind, and more than 50...
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