• Inquisitr, Wednesday, May 25, 2016 12:47 PM

The Internet of Things (IoT) market size is estimated to grow from USD 51.96 Billion in 2015 to USD 147.51 Billion by 2020 with at an estimated Compound Annual Growth Rate (CAGR) of only 23.2 percent, according to a new research report published by Markets and Markets. The report based these numbers off of individual categorizes in the Internet of Things smart cities market, including Solutions (Remote Monitoring, Data Management) Platform (Application & D'evice Management) Application (Building Automation, Energy Management, Transportation). While some industry insiders see that 23.3 percent as generous number, many believe it to be far under the value of the Internet of Things market. In fact, tech investors have been pouring money into Internet of Things startups, hoping to speed up the development of Internet of Things technology. But, what are the reasons behind these figures?

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