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Internet of Things - Global IoT market trend and prospects

Description: Even as our world today becomes increasingly connected, many industry experts testify to a bigger growth of IoT in the future. According to the International Data Corporation (IDC), the IoT market is expected to grow from $655.8 billion in 2014 to $1.7 trillion in 2020. More specifically, this vast market can be broken down to modules/sensors, connectivity, services and other technologies. More than two-thirds of the forecasted market share will be driven by the first three market segments with modules/sensors ranking first and connectivity coming in second.1) As such, technologies capable of connecting billions of devices together are more important than ever before.
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Domain: Electronics
Category: Semiconductors
Contributing Organization: SAMSUNG
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