The internet revolutionized personal and business interactions by connecting people across the globe, and now, the Internet of Things (IoT) looks as if it could have a similarly transformative effect by getting the world's devices talking to each other. The movement toward nearly ubiquitous device connectivity is still in the early stages, however, Cisco Systems (NASDAQ:CSCO), Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Verizon (NYSE:VZ), and other big names in tech are working toward a future in which machine-to-machine (M2M) communication unlocks huge potential.

Click through the following presentation for 10 stats that illustrate the progression of the Internet of Things in key areas including M2M communication, wearable technology, connected cars, and wireless networks.

10 Stats That Tell the "Internet of Things" Story from The Motley Fool

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Keith Noonan has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Verizon Communications. The Motley Fool recommends Cisco Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.