It’s no surprise that the Internet has become an essential part of every household. IoT (Internet of Things) devices have further contributed to our increasing need to stay connected. We can say the same for multi-family properties, so having a reliable service provider is important. What do the numbers show regarding IoT and Internet utilization nowadays?
A term that refers to connected digital and physical components. Such components dont need the assistance of human mediators to transmit data to each other.
According to Morgan Stanly (via BI Intelligence), more than 75 billion IoT devices will beactive by the end of 2020. Thats 7 devices for each person.
Some forms of Consumer IoT:
By 2021, approximately
IoT devices connect to the Internet every second.
Beneﬁts of IoT:
100% of 18 to 29-year-olds
in the United States are
In 2018, the National Multifamily Housing Council (NMHC) found that
That same demographic dominates owner-occupied units (With an owner-occupied share of 33%).
A reliable Internet connection is one of the reasons why many tenants are attracted to a property and choose to stay.
MDU1 provides bulk services that can attract and retain residents:
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