Is This a Setback for the Internet of Things?

The Internet of Things (IoT) is widely considered the next big thing in technology. Research firm IDC expects worldwide spending on the IoT to reach $1.4 trillion by 2021. Overall, networking communications provider Cisco expects the IoT to be a $19 trillion opportunity.

Unsurprisingly, the Internet of Things requires an internet connection, and not just any internet connection. The sheer volume of devices that will now be connected to the internet will require lightning-fast data transfer, especially as the number of internet-connected devices proliferates.

To accomplish this, wireless service providers will need to build out their networks to fifth-generation (5G) technology to provide the data-transfer speeds needed to fully support the IoT.

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Source: Fool.com