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What is Economic Impact of IoT on GDP about?

1) The document examines the potential economic impact of increased investment in the Internet of Things (IoT). 2) Using data from 27 countries, the analysis finds that a 10% rise in IoT investment, as measured by increased machine-to-machine connections, could boost annual GDP growth by 0.7% on average. 3) Specifically, the study estimates that a 10% increase in IoT investment would result in GDP increasing by $370 billion in Germany and $2.26 trillion in the US over the period of 2018 to 2032.

Author

imam

Language

EN