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Broadband internet is becoming more widely available. As a result, the cost of connecting is decreasing, more devices are built with connection capabilities, and technology costs are going down. Widespread internet access has also allowed smartphones to dominate the market, comprising 84% of the cell phone market in 2016. ClearWorld’s RetroFlex flexible solar panels are part of the rapidly expanding IoT market, which is expected to reach $267 billion by the year 2020. The most common use for the ClearWorld panels is solar LED light poles, which can communicate with each other to provide everything from smart parking applications to remote camera monitoring to increase safety and resiliency in smart cities.
At ClearWorld, we pride ourselves on being part of this burgeoning market and are excited to bring the latest technologies to our users. Stay tuned as we increase our IoT capabilities for future use in smart city applications.
IoT Market Expected to Surpass $200 Billion by 2020
The Internet of Things (IoT) refers to the interconnection of everyday objects via the Internet and embedded computing devices, enabling them to send and receive data. In other words, the IoT is comprised of many “smart tech” devices in homes and cities across the globe.