Once upon a time, computers (huge, boxy ones) were the only devices that were connected to the internet (with a dial-up connection). Now, almost every device we own, from the smart-phone to Google glasses can search the web in the blink of an eye. Literally.
Here is an intere-sting statistic, by the year 2020, an approximate estimate of 20+ billion items will belong to the category of “the internet of things”.
The Internet of Things. What does that phrase mean?
In the year 2017, the spending towards IoT will grow by 17 percent. This means that customers are ready to pay for all and every IoT application.
Quite a large majority of startups are realizing this profit potential in the IoT market and are, therefore, building up their portfolios with new offerings and services. One of the biggest trends in the year 2017 has been industrial IoT-focused connectivity and security services as the industry begins to realize the enormous IoT chance in the manufacturing division.
This story is from the December 2017 edition of Mad About Money.
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This story is from the December 2017 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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