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Learn MoreIt's hard to really see how quickly IoT growth is changing our world, but Forbes put together some statistic that demonstrate the change. "By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services." The IoT market will likely reach $123 billion in the next three years.
By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services. McKinsey predicts the IoT market will be worth $581B for ICT-based spend alone by 2020, growing at a Compound Annual Growth Rate (CAGR) between 7 and 15%. Read More
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