While the interest and buzz around the Internet of Things (IoT) has grown steadily in recent years, the seemingly endless market promise continues to become reality.
According to new research from International Data Corporation (IDC), a transformation is underway that will see the worldwide market for IoT solutions grow from US$1.9 trillion in 2013 to $7.1 trillion in 2020. IDC (www.idc.coom) defines the Internet of Things as a network of networks of uniquely identifiable endpoints (or "things") that communicate without human interaction using IP connectivity – be it "locally" or globally.
Consumers continue to experience and embrace IoT in their homes, cars, and in many other aspects of their daily life. Globally, individuals are developing a high affinity for full-time connectivity, which makes consumer IoT a compelling proposition. Businesses are intrigued by the efficiencies, business process implications,...| Read more »