2017 , “ IDC forecasts global annual growth of nearly 17 % for IoT hardware , software , services , and connectivity . Another leading research firm , IHS , estimates that more than 30bn devices will be connected by 2020 , with the number rising to 75bn by 2025 .”
According to Scroxton , “ at the heart of the IoT are sensors , components and silicon , so … it is hardly a surprise that Taiwan is taking the lead here .” The manufacturing of high-tech electronics is central to the country ’ s economy . Three of the world ’ s largest electronics manufacturers are based in Taipei : Hon Hai Precision Industry ( which trades as Foxconn )
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