IoT Device Shipment Revenue Predicted To Balloon by 2025

Annual revenue generated from the shipment of connected, residential devices is expected to increase nearly tenfold -- from $7.3 billion in 2015 to $67.7 billion -- by 2025, said a report Thursday by Navigant Research. It said barriers could stunt market growth, including "multiple protocols and standards among devices," which Navigant said has contributed to an "interoperability barrier" that could potentially stall device adoption.