After years of anticipation and hype, IoT is slowly getting into mainstream business use. The worldwide number of IoT-connected devices is projected to increase to 43B by 2023, and the spending on software and hardware related to IoT is projected to grow rapidly, from $726B in 2019 to $1.1T in 2023. Asia/Pacific accounted for most of the spending on IoT in 2019, with India spending $20.6B.
Wireless charging has the potential to transform our reliance on plug sockets, thus enabling the devices to be constantly topped up with power in almost any location. It's also making in-roads in the healthcare, automotive, and manufacturing industries, especially IoT devices, to get power many feet away from the charger.