The Internet of Things -- where formerly unconnected devices are brought online, automated, and given the ability to collect data -- will be a $1.7 trillion market by 2020, according to market research firm IDC.

While wireless carriers Verizon Communications (VZ 3.58%) and AT&T (T 1.13%) are focusing much of their attention on connecting mobile devices to their networks right now, both know that the future of their businesses will rely on IoT connections and management. 

Click on the slideshow below to find out what Verizon and AT&T are doing in the space right now, and who's leading the IoT race.

The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here.