100 billion IoT devices will generate $10 trillion by 2025
March 21, 2017
The number of industries using IoT technology is growing, and their general lack of concern for security leaves corporate data at risk and increases the chances of breaches. On one side, the opportunities offered by the internet of things data-collecting sensors are tremendous for the B2B market. On the other, the fierce competition in the market lowers the bar instead of establishing guidelines.
Due to the falling price of IoT sensors and their established efficiency, the market for sensors in IoT devices is projected to grow at a CAGR of 26.91 percent globally until 2022, research says. Some 100 billion connected devices are expected to be built in 2025, generating almost $10 trillion in revenue.
Through data analysis features, IoT has increased efficiency and optimized human-to-machine interaction in multiple sectors, including automotive, goods and services, consumer durables and industrial and utility components. High demand for IoT sensors in industries such as healthcare, tran
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