When the internet was invented several decades ago, there were some serious questions regarding its viability. Fast forward to today and the internet is an essential part of everyday life. The Internet of Things (IoT) is a collection of devices that connect to the internet and serve the purpose of enhancing productivity, collecting data, monitoring functionality, and automating processes and systems. When an investor looks at investment opportunities in IoT, it’s easy to become overwhelmed because of the IoT-connected devices available today. We’ve put together a quick guide to help you understand the magnitude of IoT, what industries are impacted and why we’ve only scratched the surface when it comes to investment opportunities.

Understand The Magnitude Of IoT

Virtually everyone has some sort of IoT device today. The most common items are smartphones or tablets, but other things like refrigerators, doorbells, watches, thermostats and an abundance of other items are becoming more common as well. Since these are items that make the average consumer’s life more convenient, people have been buying them and will continue to for the foreseeable future. There are roughly 20 billion IoT-connected devices in the world today and spending has increased significantly in the last decade. About $18 billion in sales were generated in 2009 and now that number is approaching $2 trillion in sales in 2020.

Industries Heavily Impacted By IoT

Even if a person does not own an IoT device, they likely come in contact with them in their daily lives. Every industry is impacted by IoT in some way, so as an investor seeking investment opportunities, some of the industries most heavily benefitting include agriculture, healthcare, consumer electronics, infrastructure and smart cars. Not only has IoT-connected devices helped employees do their jobs more efficiently, but many processes can also be automated and boost the bottom line of a company’s budget. Some of the top stocks for IoT come from companies like Amazon, Microsoft, Apple, Intel, IBM and the major wireless providers Verizon, Sprint, AT&T and T-Mobile.

Investment Opportunities Surrounding IoT Are Just Beginning

One thing experts agree on is we are still in the early stages of IoT. The combination of IoT devices and machine learning will present even more opportunities for consumers and businesses. The hardest part for an investor is deciding which industry will benefit most from IoT in the coming years and which manufacturer is best equipped to develop the most innovative processes. Entire cities will be considered “smart cities” soon, and every aspect of the day-to-day operations of a city will be connected somehow.

The Internet of Things already seems like a huge part of life, but we’ve only scratched the surface. Stock Investing Info can help you understand the current magnitude of IoT and where it could be headed. We also look at the best investment opportunities for each of our clients and make suggestions to help them reach financial success. IoT isn’t going anywhere, so now is the time to consider investing in it. If you have any questions or would like to discuss opportunities in more detail, contact us at any time

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