Global Market Research Report on Internet of Things Market 2016 is a professional and in-depth complete study on the current state of the Internet of Things worldwide.
Internet of Things is the interconnection of the computing devices and various objects through the existing Internet infrastructure. Evolution in the convergence of wireless technologies, internet and micro-electromechanical systems has made Internet of Things and machine to machine (M2M) technologies possible. Presently, 51% of the population lives in metro cities; hence, the IoT market has numerous opportunities to grow. Gaming would be one of the biggest technology trends that would happen on IoT in future. There are various challenges in IoT ecosystem due to which the ecosystem is yet to gain popularity amongst the people.
Lack of shared infrastructure, lack of common standards, control over the data, and data sharing are some of the challenges that must be addressed by the IoT to gain popularity. As IoT is a novel concept, a giant player in the IoT market named Cisco is developing Asia’s first Internet of Things hub in Asia Pacific region. This concept would help the Asia Pacific region to create a smart city environment.