Healthcare and Consumer Electronics Industries to Drive Next Phase of Growth in Internet of Things M
Market Research, Internet of Things Market
According to a new market report published by Transparency Market Research Internet of Things Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” Internet of Things market was valued at US$237.77 bn in 2014; growing at a CAGR of 21.4% from 2015 to 2021 to account for US$924.86 bn in 2021.
Browse the full Internet of Things Market report at http://www.transparencymarketresearch.com/internet-of-things-market.html
The Internet of Things refers to the network of physical objects which are embedded with software, electronics, network connectivity and sensors which enable the objects to exchange and collect data. Internet of Things is defined as an invisible and intelligent network of things that communicate indirectly or directly with each other. The internet is used to facilitate experience and efficiency. Internet of Things enable the communication between the physical objects and other Internet-enabled systems and devices. In addition, technological advancement in the field of healthcare, government initiatives for the expansion of Internet of Things and need to increase efficiency and cost reduction are the major factors that are driving the Internet of Things market globally. However, security risk and over-reliance on technology are posing challenges to the growth of the Internet of Things market.
Internet of Things Market
, Market Research