A new report by WinterGreen Research states that the evolution of connected devices will drive the next industrial revolution, and it’s happening right now. IoT furthers growth and innovation across most major industries and is a major source of disruption. In 2016, the IoT market was worth $16.3 Billion. By 2023, the market is projected to grow to $185.9 Billion. Key markets for IoT devices include:
- IoT Platforms
- IoT Chipsets
- Wireless Sensor Networks
- Security and Energy Management
- Healthcare
- Transportation
- Agriculture
- Financial
- Industrial
- Manufacturing
- Wearables
- Residential
A key feature of IoT in these markets is the ability to let humans anticipate problems and receive alerts immediately. Ability to remotely monitor and control devices will lead to massive efficiency increases in many markets. Read the full report on reportsnreports.com
