Cellular Technology's Role in IoT Market Growth

摘要

When it comes to the growth of the Internet of Things (IoT) market, there are many astounding predictions. Some estimate it to reach $1 trillion in revenue within the next decade. A recent study by Bain & Company—the Boston-based global management consultancy firm—suggests the combined markets of IoT will surge to about $520 billion in 2021, more than double the $236 billion spent in 2017. But are such projections founded in reality? Although the IoT and M2M (machine-to-machine) industry has continued to evolve and grow significantly over the last few years, it has yet to fully realize the surging "hockey-stick growth" once enthusiastically forecasted by tech observers.