The Internet of Things presents a whole new class of smart objects and applications ushering in novel forms of automation for nearly all fields of human endeavor.

Industry analysts project a steep growth trajectory for connected IoT devices, with a range of numbers that underscores the newness of this phenomenon: Gartner forecasts 26 billion IoT devices by 2020, meanwhile ABI Research projects more than 40 billion and IDC has estimated the figure to exceed 50 billion.

One thing we can already see, however, is that five industry verticals are being significantly impacted by the phenomenon.

A world of opportunity

The IoT is opening unprecedented opportunities for entrepreneurs and large established enterprises alike. Whether you prefer to think of it as the “Internet of Everything” or the “Internet of New Services for Me,” your life will be changed in ways not yet imaginable.