GlobalData

There are currently believed to be seven billion internet of things (IoT) devices worldwide. Forecasts vary, but the consensus is the number will grow exponentially over the coming years, with some estimates as high as 40 billion connected IoT devices by 2025.

The US and Russia are set to dominate global capital expenditure (capex) on planned major, trunk crude oil, petroleum products and natural gas pipelines during the outlook period 2018–2022, according to data and analytics company GlobalData. Canada, China and Nigeria will also be significant spenders on planned pipelines by 2022, considerably expanding their pipeline network.