There are billions of devices, services and systems being connected every minute of every day. The end consumers are getting maximum benefit from the enhanced lifestyle use cases and companies becoming more efficient as they minimize their operational costs and increase their asset utilization. There are tons of areas where IoT is working hand in hand with the real-time Artificial Intelligence (AI). Edge connected devices are shifting the paradigm from central clouds to decentralized, ubiquitous intelligence.
Concerning the future, IoT market is expected to grow steadily as billions of devices, services and systems become connected, subjectively driven by increasingly ubiquitous and cheaper sensors which are able to convert the physical data to digital content. The use cases of IoT focus on delivering cost savings from fuel, energy and labor and they more often than not have a significant financial impact and shorter payback time frames.
Here is what the IoT market is expected to look in the future.
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<img class="size-full wp-image-5984 aligncenter" src="https://www.hiddenbrains.com/blog/wp-content/uploads/2019/11/how-big-will-iot-be-in-2020.jpg" alt="IoT in 2020: The Market to See a Gigantic Growth in Future" width="908" height="4338" />