IoT market worth $185.9 billion
A new study by online market research firm ReportsnReports.com showed that the worldwide market for Internet of Things (or IoT) is poised for explosive growth in the coming years. The study says the global IoT market will expand to $185.9 billion by 2023 from $16.3 billion in 2016. The report focuses on companies like AT&T (T), IBM (IBM), and Intel (INTC), which have sought to lead the IoT race.
IoT is a natural push for carriers like AT&T and Verizon (VZ) as the maturing US (SPY) wireless market has limited growth in their core operations, forcing them to cast their eyes beyond the phone carrier market.
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