IoT market to triple in value by 2020, although it’s not all about devices

We know the Internet of Things market is set to explode, with huge numbers of devices coming online over the next few years. You can take your pick from an assortment of stratospheric predictions, but Gartner’s 25 billion by 2020 is gaining the most credibility. But exactly how much is it all worth? New research from IDC suggests that the worldwide IoT market will grow from $655.8 billion in 2014 to $1.7 trillion in 2020 with a compound annual growth rate of 16.9 per cent.

Read the source article at News | TelecomTV


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