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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