|4 August 2016|
The Internet of Things (IoT) market is set to generate three trillion dollars in revenue by 2025, according to new analysis.
Machina Research, a leading provider of strategic market intelligence, released its findings this week, which show that the rapid growth of devices and people communicating with one another via the internet (IoT) offers endless opportunities.
Talking about the report, Machina Research CEO Matt Hatton said: “Through our regular ongoing work in our IoT Forecasts Research Stream we are constantly monitoring hundreds of different constituent applications across every country and adjusting our outlook for each. Every year we take a snapshot of the IoT market, pulling our latest forecasts to examine how the overall market had developed in the year. This year the top line figures of 27 billion connections and USD3 trillion of revenue continue are eye-catching and the opportunity is substantial. However it’s not just a case of rising tides lifting all boats. To take advantage of the opportunities in IoT, suppliers need to understand the key market dynamics and their competitive environment, and develop best practice. Most of what Machina Research does is focused on supporting various players understand and exploit the opportunities we outline in this study.”