Global Internet of Things Market

Algona in Iowa (United States)

Publish date: April 22, 2019 05:39

Price: 4100.00 USD

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Description

Global Internet of Things Market is having a major impact on businesses and consumers alike consequently changing the face of the global economy in the upcoming future. Accordingly, with 2015 as a base year, 30 Billion Devices are to be connected to the internet by 2020, representing nearly half (46 percent) of total connected devices. Also, the Global Internet of Things (IoT) market reached USD 598.2 Billion in 2015 and is expected to reach USD 2.12 Trillion by 2024. At a Compound Annual Growth Rate (CAGR) of 17.21% during the forecast period 2016-2024 globally. As per our research, 96% of global businesses consider IoT important to better monitor and control physical assets; efficiency being the major driving force. An efficient IoT market to manage such high device volumes, diversity and geographies is the need of the time.

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