Economic- Statistics

Chart 1

 

Economics

Over the past several years we are experiencing a growth in the amount of devices that are connected to the internet. This growth is occurring at an extremely fast rate; in 2003 the amount of devices connected to the internet was at five-hundred million while the world population was at 6.3 billion. By dividing the amount of connected devices by the population it gives us the number .08, which can be interpreted as the amount of connected devices there are per person. Just seven years later, in 2010, the number of connected devices jumped from five-hundred million to 12.5 billion! The world population in 2010 was 6.8 billion which means that the number of connected devices per person jumped from .08 to 1.84 in just seven years. These numbers are projected to continue to climb even higher in the future. In 2015 there are estimated to be 25 billion devices connected to the internet which would be double the amount of devices that were connected in 2010. The world population is projected to increase to 7.2 billion which means the number of connected devices per person would be 3.47 in 2015. And in 2020, the amount of connected devices in the world is estimated to be 50 billion (Evans, 2011)! With the world population increasing slightly to 7.6 billion, this shows that the amount of connected devices per person would rise to 6.58 (Evans, D. 2011).

 
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