The LED lighting market, near 40 percent saturation as of this writing, is expected to reach 61 percent by 2020. That means 61 percent of all lighting is expected to be LED right when the Internet of Things (IoT) hits its 20 billion connected device milestone.
Gartner reports we’re at roughly 11.2 billion now.
It makes sense. From a purchasing perspective, LED bulbs last 20-25 times longer than