Global Internet of Things Devices Market grow at a CAGR of 3.72 % during the period 2017-2021
Market Research Hub( MRH) has recently announced the addition of a fresh report, titled“ Global Internet of Things Devices Market 2017-2021” to its report offerings. Global IoT Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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IoT devices are instruments that can be connected to the internet to offer remote controlled connectivity. These devices sense and analyze their surroundings to offer inputs about the designated area. IoT is a network of physical objects interconnected through various network technologies. The devices in this network can communicate among themselves and with the external environment when required. Kevin Ashton, a British entrepreneur, coined the term IoT in 1999, while dealing with networked radio-frequency identification( RFID) and emerging sensing technologies. This technology can connect devices, systems, and services in an advanced manner that goes beyond machine-to-machine( M2M) communications. Technavios analysts forecast the global IoT devices market to grow at a CAGR of 3.72 % during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global IoT devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of IoT devices.