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Xped Limited

( ASX:XPE ) - Software & Services

News

Xped Targets Commercialisation of ‘Internet Of Things’ Technology

The ‘Internet of Things’ is an increasingly popular topic, which becomes evident when you follow discussions on stock or technology forums. Studies estimate that the number of devices connected to the internet could grow to around 50 billion devices (or more) by 2020, with an annual growth rate of roughly 35%. Other estimates indicate that producers and service suppliers in the IoT space could potentially generate revenue of more than US$300 billion by 2020 with some studies even pointing to $US1 trillion.

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