These Jaw-Dropping Facts Will Change Your Mind About the Internet of Things

Smartwatches, internet-connected thermostats, and smart home hubs like Amazon's Echo devices get lots of attention these days, but the Internet of Things (IoT) goes far beyond what we put on our wrists or how we set the temperature at home. The IoT is already connecting billions of previously unconnected devices to the internet, and this growing market is just getting started.

If you're an IoT skeptic then check out some of these Internet of Things stats that may just change the way you see this growing opportunity.

Though estimates vary, most tech companies and research firms measure the IoT market size with trillion-dollar estimates. The latest IDC data shows that global spending for the Internet of Things will hit $1.29 trillion in 2020.

Source: Fool.com