“In 2012, there were 8.7 billion connected objects globally, constituting 0.6% of the ‘things’ in the world. In 2013, this number is exceeding 10.0 billion. Driven by reducing price per connection and the consequent rapid growth in the number of machine-to-machine (M2M) connections, we expect the number of connected objects to reach 50bn by 2020 (2.7% of things in the world). We expect connectivity costs to reduce at a 25% CAGR during 2012-20, which is approximately equal to the growth in number of connected objects (implying price-elasticity demand of 1). Lastly, we believe that more than 50% of the connected objects added during 2013-20 will be added in the last 3 years of the decade. This also implies that the maximum connected objects are likely to be added when the connectivity costs are the lowest.”
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