ENGLEWOOD, Colo. — The Internet of Things (IoT) market is forecast to grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025, according to “IoT Platforms: Enabling the Internet of Things,” a new white paper available from IHS Inc.

An important sign of the fundamental significance of the IoT concept is that most major information and communication technology vendors are now strategically developing IoT offerings. Companies that sit at the heart of the telecom, networking, industrial infrastructure, enterprise system, and cloud computing sectors are now offering platforms to facilitate the broader economy’s transformation to pervasive connectivity. Over the past five years, fragmented efforts to connect machines and sensors in industry-specific ways are now coalescing into a comprehensive vision of connectivity permeating the global physical environment.