Value of IoT analytics market to reach £10.6bn by 2020
A new report by MarketsandMarkets argues that IoT analytics is on the rise due to the increasing number of IoT-enabled smart connected sensors and devices that release large amounts of data simultaneously. The data can be used to improve real-time customer experience and decision making.
The global market is expected to grow from $4.8 billion (£3.1bn) in 2015 to $16.3bn (£10.6bn) by 2020, at a CAGR of 27.4%. It is still nascent, but is expected to mature in developed regions...