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Global IoT Market to be Worth $1.13T in 2017
February 7, 2017 | visiongainEstimated reading time: Less than a minute
That Internet of Things (IoT) market is set to be worth $1,128.4 billion in 2017, driven by the increasing number of IoT applications, according to a new report by market analyst firm visiongain.
IoT presents an enormous potential revenue opportunity for LTE module vendors and players in the 5G ecosystem, as well as mobile operators. visiongain noted in the report that this sector is likely to only get more competitive as established IT companies face ruthless competition for market share from emerging leaders in the IoT ecosystem.
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