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 .