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Global IoT Market By Technology is estimated to surpass $1 Trillion marks in 2019 and to reach USD 2.12 Trillion by 2024, at CAGR of 17.21% during the forecast period 2016-2024 globally. IoT Technology is having a major impact on businesses and consumers alike consequently changing the face of the global economy in the upcoming future. Accordingly, 30 Billion Devices are to be connected to the internet by 2020. Also, as per our research, 96% of global businesses consider IoT important to better monitor and control physical assets; efficiency being the major driving force. An efficient IoT market to manage such high device volumes.

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