The market for IoT devices, also known as the Internet of Things, was formed as a result of increased awareness pf how the internet can benefit both the private sector through smart housing systems and the industrial sector with the introduction of Industry 4.0 also named IIoT.
By the end of 2022, there will have been 14.4 billion linked IoT/IIoT devices, a 300% growth from the predicted 3.6 billion in 2015. IoT/IIoT linked devices are anticipated to keep growing, with the number estimated to reach 27 billion in 2027, an increase of 87.5% from 2022.
Businesses will be able to access this method of operating their businesses using the IoT/IIoT Cloud Platform from iTracking Asia with the least amount of investment
For more on this development in the market of IoT devices and what is effecting it, you can go to the article by Mohammad Hasan for the publication IoT Analytics in the following link; https://iot-analytics.com/number-connected-iot-devices/
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