All around us, the world grows more intertwined every day. Thanks in part to our global web connections, we have the ability to interact with people and things on an incredible level. This online experience can be life-saving and important, or it can be as arbitrary as simplifying monotonous tasks.
There are many industries and companies that aim to advance this experience. One growing market, known as the Internet of Things (IoT), connects our household or commercial items to a wireless network by embedding them with electronic, software, or sensor technology. This network of devices allows us to take the next step into a wireless world that relies less and less on direct human-to-computer interaction.
You might actually be using products in the IoT without knowing it. Some common examples include the remote operation of a house’s security system, wearable motion and activity tacking products, and even public trash bins that automatically alert a municipality when it is full.
The Internet of Things is definitely present in our everyday lives right now, but it also has a lot more room to grow. According to research firm IDC, via the Wall Street Journal, the IoT market could nearly triple in the coming years. In 2014, the global IoT market was worth $655.8 billion, but it could reach up to $1.7 trillion by the year 2020.
With the industry showing that much room for growth, investors need to start thinking about investing in the IoT now, and we’ve highlighted a few companies and strategies for those who would like get the IoT into their portfolios.
Perhaps the easiest way for investors to make a play on the Internet of Things is with a themed ETF. If that interests you, check out Global X Internet of Things Thematic ETF SNSR, the first IoT-related ETF on the market.
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