The Internet of Things Market to Reach $3.04 Trillion


Together, the IoT ecosystem represents boundless opportunities — billions of connected things within a wide variety of industries across the globe. The combined revenue opportunities are forecast to be one of the bright spots on the new Internet-related technology frontier.

A recent forecast from International Data Corporation (IDC), based upon an extensive global market study, provides insights from their latest findings — defining the hardware, software, services, connectivity, and security aspects that make up the evolving IoT ecosystem.

Source: www.socialmediatoday.com

According to the IDC assessment, the worldwide IoT market is forecast to grow from $1.3 trillion in 2013 to $3.04 trillion in 2020, with a compound annual growth rate (CAGR) of 13 percent.

See on Scoop.itData Nerd’s Corner

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