1999: The term “Internet of Things” was first coined by Kevin Ashton, a British technologist.
2003: The first commercial IoT devices were introduced, including Radio Frequency Identification (RFID) tags and sensors.
2008: The number of connected devices surpassed 1 billion.
2012: The first smart cities were built, using IoT technology to collect and analyze data to improve urban infrastructure.
2015: The number of connected devices surpassed 5 billion.
2018: The first 5G networks were launched, providing the high-speed connectivity needed for massive IoT deployments.
2023: The number of connected devices is expected to surpass 30 billion.