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Global internet of things market set to grow according to forecasts

IT Market Research

In 2008 the number of things connected to Internet was greater than the population residing on earth, by 2020 number of things connected to internet will be about 50 billion.

According to Goldstein Research, artificial intelligence has a potential to make a huge impact on the economy by revolutionizing many enterprises into digital businesses and simplifying new business models and by improving efficiency.

Global Internet of Things (IoT) market Make an Inquiry about this news segmentation includes technology component types such as IoT devices, IoT platforms and, Sensors and actuators. Immense researches are running on big data services and machine learning which are some of the major factors driving the growth of this market.

According to our analysts IoT has the potential to support total service spending of more than USD 250 billion in the year 2016.