The IoT market will be worth of USD 217B in 2017

If the research report of a British firm “Companies and Markets” is to be believed, the global market of “internet of things” is going to be worth of 290 billion dollar by 2017 from its current market share of 44 billion dollar. This company took technology and platform type, IoT components, Machine to Machine components and modules, 10 different business verticals and all geographies into account to for this review.  The report demonstrates that the Europe, APAC, and North America regions would be still an emerging market. The Latin America and Middle East & Africa regions are considered as into high growth segment. It ist he Europe which will grow In 2011 fastest at about 30.0% of the global revenue.

Detail of this review can be found in this link.

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