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Currently, about 300,000 developers around the world are working on projects related to the Internet of Things (IoT). But a new report from VisionMobile predicts that the world will need 4.5 million IoT developers by 2020—that’s a 57 percent compound annual growth rate.
The report advises, “The only way to make a profit in the Internet of Things is to build a network of entrepreneurs who create unique value on top of commodity hardware, connectivity and cloud services.” It adds, “Demand for IoT technology will not come from a single killer app, but from thousands of unexpected new use cases.”
