IoT Sensors Market Forecast to Reach $22.5 Billion in 5 Years
The IoT sensors market is forecast to reach $22.5 billion by 2023, up from $5.28 billion by year-end 2018, reported Marketsandmarkets Thursday. Drivers include increased use of sensors in IoT devices, plummeting costs, technological advancements, introduction of 3rd Generation Partnership…
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Project Release 13 and Release 14 specifications, rising demand for connected devices and wearables and a need for real-time computing in IoT applications, it said.