Wireless economy to hit $1.2 trillion

The number of connected devices will reach more than 24 billion by 2020, creating a revenue opportunity of $1.2 trillion for mobile operators. That's the headline finding of a study carried out by mobile industry body the GSMA and Machina Research. The study predicts the number of mobile connected devices will double from today's figure to 12 billion by 2020. This will usher in a new phase for the mobile industry, according to the GSMA.