McKinsey predicts the Internet of Things (IoT) market will be worth $581B for ICT-based spend alone, growing at a Compound Annual Growth Rate (CAGR) between 7 and 15% according to their study Internet of Things The IoT opportunity – Are you ready to capture a once-in-a-lifetime value pool? By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services according to Statista.

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