Speculation that Internet of Thing (IoT) might represent a market opportunity worth $3 trillion may have been inflated…drastically. Strategy Analytics says that a more realistic valuation would be about $300 billion by 2025. It adds that most IoT deployments are either in the trial phase or in the development phase. In fact, it notes that than north of 70% of current U.S. IoT deployments involve under 500 devices. Whether the number is $3 trillion of $300 billion, what you need to know is that IoT is here to stay. MachineMetrics can help you make the most of your IoT strategy to improve your production efficiencies.
Suggestions that the internet of things presents a $3 trillion market opportunity are unrealistic and ‘dramatically’ over-inflated according to Strategy Analytics, which says the market is more likely to be around $0.3 trillion by 2025. Read More