According to Forbes, “the global IoT market can grow from $157B in 2016 to $457B by 2020, attaining a Compound Annual Growth Rate (CAGR) of 28.5 percent.”

Adoption of IoT (Internet of Things) is increasing across various industries, in government sectors, and in consumers’ day-to-day life. Moreover, the enterprises are rapidly migrating or developing and rolling out their IoT-enabled apps into the mobile app market. And we already experience how the data generated by connected devices help businesses gain insights into business processes, take real-time decisions, and run more efficiently. For consumers, access to such information keeps them informed about the status of households, health and fitness, vehicles, and family members. It is fascinating to watch how these ‘smart devices’ interact with one another to provide a seamless experience of our embedded future.

Leave a Reply

Your email address will not be published. Required fields are marked *