By Chris Neiger – The market for the Internet of Things (IoT) has been slowly developing over the years, and now includes connected devices and automated systems for everything from agricultural equipment to autonomous vehicles. But since the IoT isn’t a single tech product, it can be difficult for investors to understand how it’s benefiting tech companies, and what the potential is for this growing market.

So to give some perspective on the IoT, here are a few important facts that investors should know about this fast-growing tech trend.

Millions of autonomous vehicles will be on the road in the coming decades IHS Markit estimates that more than 33 million autonomous vehicles (AVs) will be sold annually in 2040. Right now that might seem like a long way off, but lots of progress is currently being made in the AV space that will help make this possible. Read more: