Internet of Things (IoT) Market Outlook 2025 |The Insight Partners Internet of Things (IoT) Market Outlook 2025 |The | Page 2
Internet of Things (IoT) Market to 2025
Introduction
Internet of Things (IoT) facilitates the connection of various devices through network technology. IoT is a network of
objects embedded with electronics, software, network connectivity and sensors. IoT aids to build smart
communication environments like smart transportation, smart homes, smart shopping and smart healthcare. The
key mechanisms of IoT includes gateways, RFID, NFC, cloud services, WSN, visualization elements and data storage
& analytics.
IoT helps in effective observation and management of numerous interconnected devices. The capability to connect
numerous devices together, collect and scrutinize raw data generated by these devices, and convert the raw data
into ready for use information makes IoT a sound step forward in creating an intelligent world. IoT helps in creating
smart environments such as smart shopping, smart homes, smart healthcare and smart transportation.
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