Global Internet Of Things Market Trends, Business strategy and Opportunities with Key Players Analysis 2021-Acute Market Reports
Published: AUG 2015 | No Of Pages: 140
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Product Synopsis
Internet of things solutions enables wireless connectivity of devices which is changing the way people live and interact within their environment. Various IoT developments and the meteoric rise of smart devices and cloud based software and apps are transforming nearly every aspect of our lives. The global internet of things market constitute of various wired and wireless technologies such as Radio Frequency Identification( RFID), Near Field Communication, Zigbee, Supervisory Control And Data Acquisition( SCADA) and so on. Various components that are used to establish the internet of things network such as sensors, device gateway, LAN, Router, Switch, Cloud also forms the internet of things market. Key findings
• It is expected that globally up to 50 billion‘ smart’ devices, ranging from cars and parking meters to coffee machines and combine harvesters could be connected to the internet by 2021, whereas, in 2010 the number of connected devices was 12.5 billion globally.
• The global internet of things is expected to grow exponentially during the forecasted period of 2015-2021. The market is estimated to reach up to $ 2620 billion by 2021 growing at a CAGR 13.13 % from 2015-2021.
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