The Insight Partners Redistribution Layer Material Market | Page 3

Redistribution Layer Material
Market
Proliferation of IoT and connected devices across industry verticals to create further more
opportunities
The advent of IoT has enabled each device to be connected over the internet and the rising
adoptions globally would result in more than billions of devices connected over the internet.
Also, validating to the above mentioned point is the fact that the data traffic rate on a global
level, has grown at an annual rate of more than 65% over the last five years. Also, between
2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of
close to 40 percent. This exponential growth in data traffic over the internet is out rightly
attributed to the growing penetration of smartphones and other consumer electronic devices
that can be connected over the internet as a result of the growing popularity of IoT.
Read More at : https://www.theinsightpartners.com/reports/redistribution-layer-material-
market