50 Billion Connected Devices by 2020 (2025?)

Back in April, Hans Vestberg, CEO and the President of Ericsson declared that there will be 50 Billion connected devices by 2020.

In the recently concluded LTE World Summit, this statement seemed to have gained lots of attention. Everyone quoted this left, right and center. The interesting thing was that some said that this would happen by 2025 and some also said 2030.

While we can make a generic statement that there will be some 50 Billion connected devices sometime between 2020 and 2030, not everyone was sure how they would be connected.

My understanding is that a device is connected if it has a valid IP (IPv6) address. That means that the PC's at home are included and anything connected over WiFi are included as well.

So by this definition, it wont surprise me if we probably have 100 Billion connected devices by 2030.