Five IoT trends to shape our near future

For instance, Ericsson predicts in the latest Mobility Report that by the end of 2019 there will be 1.3 billion cellular IoT connections worldwide. By 2025 this number is expected to jump to 5 billion. Meanwhile, McKinsey estimates* that the economic value to be generated by IoT globally will amount to $3.9–11.1 trillion per year by 2025, and a focus in 2020 and beyond will be connectivity driving valuable outcomes. As enterprises become "digitized" and enable more connected machines, sensors and solutions, the current computing power done in the cloud simply won't be fast enough to optimize performance in real-time. In order to monitor, analyze and optimize connected IoT applications, enterprises will need computing power done near the edge.