By 2027, “tens of billions” of smart objects will be Internet-enabled with IP addresses, according to a new report from Research and Markets (

Expenditures on buying and installing actual Internet of Things (IoT_ networks is much more modest, contrary to heroic forecasts made by most analysts and manufacturers in the past, adds the research group. Node forecasts have now been reduced in the light of what has happened, though systems figures have been increased.

Research and Markets says it adds up to $20 billion in actual networks, including nodes in 10 years from now and rapid progress after that. See the number and dollar breakdown by application.