U.S.-Korea Business Council Releases Blueprint for U.S. and Korean Leadership on IoT Innovation and Deployment
The Internet of Things (IoT) is transforming the way we live, work, do business, and meet the needs of the public. This emerging technology will impact virtually all industries and all walks of life. There is little doubt the scale of IoT will grow exponentially. It is estimated that the number of connected devices will grow from 20 to 50 billion units in 2020 and the market size will grow to several trillion dollars by 2025. This report presents several use cases of IoT that demonstrate the benefits of the emerging technology in various industries and settings, including energy, manufacturing, healthcare, auto, supply chain and logistics, and cities.