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Interesting enough it seemed to us the opinion of Alexei Turchin – Director for development of IT business in Ukraine and Eurasia, who works in Ericsson.

Internet of Things (or abbreviated as IoT) is a global network of physical devices that are connected to the Internet due to the presence of special equipment.

If we talk about the Internet of things as a separate phenomenon, it was in the mid-2000s.

According to Ericsson, in the last year the world had over 16 billion devices that are connected to the Internet.

It is projected that by 2022 the number will increase to reach 29 billion.

Of them, presumably, 18 billion will be directly with IoT devices.

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