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42% Growth Projected For Sensors In Wearables, Smart Devices

Development of economic, developed and compact sensors, as well as increasing demand for smart devices, wearables, and real-time computing of applications will result in the IoT sensors market hiking to USD 38.41 billion by 2022 from USD 3.34 billion in 2015, says a new report from ReportBuyer. The IoT sensor market will grow at a CAGR of 42.08 percent, during the period between 2016 and 2022. The market is also propelled by supportive government initiatives, deployment of IPv6, and role of sensor fusion concept in IoT sensors market.

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