Billions Being Poured into IoT: Are You Invested?
Internet of Things (IoT) is the inter-networking of physical devices, vehicles, buildings and other items embedded with electronics, software, sensors and network connectivity that enable the objects to collect and exchange data. In other words, IoT enables any physical electronic device with a valid IP-address to transfer data seamlessly over a wireless network.
According to a recent report by market intelligence firm, International Data Corporation (IDC), total expenditure on hardware, software, services and connectivity to back IoT is expected to increase 16.7% year over year in 2017 all over the world, making this an $800-billion market. By 2021, IDC predicts global IoT spending to be almost $1.4 trillion. Read more…