(iTers News) –IoT, or Internet of Things is rapidly becoming the industry’s buzzword, promising to pump up new excitements unto global IT market. 


According to research firm International Data Corporation, or IDC, worldwide market for IoT solutions would grow from US$1.9 trillion in 2013 to US$7.1 trillion in 2020, as consumers are rapidly embracing IoT devices in their homes, cars, and in many other aspects of their daily life.

IDC defines the Internet of Things as a network of networks of uniquely identifiable endpoints or "things" that communicate without human interaction using IP connectivity – be it "locally" or globally.

"Businesses are taking the necessary steps to gain a deeper understanding of IoT and the overall value," said Vernon Turner, Senior Vice President of IDC's Enterprise Infrastructure, Consumer, Network, Telecom and Sustainability Research. "Technology vendors are evolving their solutions in a supply-driven market that's edging toward becoming a more demand-driven market."

According to IDC, matured economies will garner the majority of the IoT market, representing approximately 90% of installed units. Worldwide IoT installed base will experience a compound annual growth rate of 17.5% from 2013 to 2020.



                                     (Image Source: Freescale Semiconductor)


 


저작권자 © KIPOST(키포스트) 무단전재 및 재배포 금지