NEW YORK, Nov. 30, 2016 /PRNewswire/ —
KEY FINDINGS
Internet of Things finds application in multiple verticals like smart energy, building and home automation, smart manufacturing, connected logistics, smart retail, connected health, smart environment, smart mobility and transport and security and emergencies. The global Internet of Things market is poised to grow in 2017-2023. Various reasons for growth of the Internet of things market are growing Internet penetration across the world, rapidly growing online population demanding interconnectivity of objects, declining sensor price and advanced sensor technologies and evolution of high speed networking technologies and its potential to streamline and deliver greater time and cost savings.
Internet of things refers to networking of physical objects by using embedded actuators, sensors and other devices that can collect or transmit information about the objects. The information collected from these devices is then analyzed to optimize, services, products and operations.
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