IOT Market in Nordic to Grow at a CAGR of 15.11% During 2016-2020
IoT is a network of tangible objects that are interconnected and can communicate among themselves as well as with the internal and external environments. It connects hardware devices, embedded software, communication services, and IT services. It creates smart communication environments such as smart homes, smart shopping, smart transportation, and smart healthcare. It is an emerging ecosystem of Internet protocol (IP)-connected devices with the potential to deliver business benefits valued at trillions of dollars in the future across varied industries.
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