Internet of Things
Amazons’ Alexa, Apple Watch and the healthcare tracking Fitbit are all examples of devices embedded with sensors and chips that are connected to the internet with other devices. The Internet of Things market is expected to continue to grow substantially in the coming years with an estimated growth rate of 21.6% up to 2022 when the market will be worth US$1.0 trillion.
“Some 30 billion objects will be connected to the Internet of Things by 2020”
McKinsey & Company 2018