IoT mar­ket to hit $1.29 tril­lion

The Hindu Business Line - - IT & TELECOM - IANS

With the emer­gence of dig­i­tal econ­omy, the global In­ter­net of Things (IoT) mar­ket spend will grow from $625.2 bil­lion in 2015 to $1.29 tril­lion in 2020 — with a com­pound an­nual growth rate (CAGR) of 15.6 per cent, a re­port re­vealed on Thurs­day. Ac­cord­ing to In­ter­na­tional Data Cor­po­ra­tion, in part­ner­ship with US-based IoT ser­vice provider Aeris, the in­stalled base of IoT end­points will grow from 12.1 bil­lion at the end of 2015 to more than 30 bil­lion by 2020.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.