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Aug 24, 2020 (CDN Newswire via Comtex) —
According to Facts and Factors, the global Internet of Things market in 2019 was approximately USD 240 Billion. The market is expected to grow at a CAGR of around 25% and is anticipated to surpass USD 1,200 Billion by 2026.
Internet of Things (IoT) is a system of interconnected devices dedicated to performing a single or a set of functions. Networking technology connects various devices embedded via software, electronics, sensors, and wireless chips, within a system. IoT plays a vital role in building smart communication environments like smart homes, smart transportation, smart healthcare, and smart shopping and so on.
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