The global Internet of Things (IoT) market size is expected to reach USD 1.88 trillion by 2022, according to a new study by Grand View Research, Inc. Technological proliferation and increasing internet connectivity are expected to boost global IoT market growth. Growing VC investments by tech companies into innovative industry startups have further bolstered the growth opportunities in the market. IoT connects devices such as consumer electronics as well as industrial equipment over a network, allowing information gathering and management of these devices via software to increase efficiency and enable new services.
http://www.grandviewresearch.com/industry-analysis/iot-market
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