The Situation

The freight train that is the Internet of Things (IoT) is gaining steam. Machina Research expects the global IoT market to more than quadruple between 2014 and 2024, growing from $900 billion to $4.3 trillion. Within the next eight years, Machina estimates there will be 30 billion connected IoT devices; investment in IoT will be upwards of $1.6 trillion.

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Next big thing for the Technology Industry is Internet of Everything. The concept is to bring people, process, data and things together to make networking more relevant. This is a great economic opportunity for the businesses to use the information and provide new capabilities and richer experience to their customers.

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