IoT Device Shipment Revenue Predicted To Balloon by 2025
Annual revenue generated from the shipment of connected, residential devices is expected to increase nearly tenfold -- from $7.3 billion in 2015 to $67.7 billion -- by 2025, said a report Thursday by Navigant Research. It said barriers could stunt…
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market growth, including "multiple protocols and standards among devices," which Navigant said has contributed to an "interoperability barrier" that could potentially stall device adoption.