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Discover the IoT security market trends and forecast, 2014-2024

IT Market Research

Internet of things (IoT) is a combination of embedded software, hardware, IT services and communication services.


It helps in connecting various devices including consumer objects and industrial equipment over to a network and thus enables them to gather information and manage all the devices via software in order to increase overall efficiency enabling new and improved services.

IoT aids in creating enhanced and smart communication techniques like smart homes, smart shopping, smart transportation and smart healthcare among others. The key components of internet of things include radio frequency identification (RFID), wireless sensor network (WSN), near field communication (NFC), cloud services, data storage & analytics, and visualization elements and gateways.