Too Long; Didn't Read
The proliferation and ‘smartening’ of IoT-driven devices is projected to reach a market cap exceeding <strong>$195 billion in 2023</strong>, according to analysts at <a href="http://www.reportsnreports.com/reports/944711-internet-of-things-iot-market-shares-strategies-and-forecasts-worldwide-2017-to-2023.html" target="_blank">ReportsnReports</a>. From a market of $16 billion in 2016, this growth is mainly fueled by the increasingly ubiquitous manufacturing of smarter in-home, mobile, and transportation devices — and the need to capture that data and enhance communication infrastructure. According to <a href="https://www.gartner.com/newsroom/id/3165317" target="_blank">Gartner</a>, over 6.4 billion IoT devices were ‘connected’ in 2016 — with this number set to exponentially grow over the next decade.