Global Connected Devices Market to Grow at a CAGR of 5.34% During the Period 2016-2020
Connected devices refer to those that can be connected to the Internet to enhance their performance. The concept is based on the IoT, a network of physical or tangible objects or devices interconnected through multiple network technologies. These devices can communicate with one another and with the external environment when required, using the Internet as a medium. Technavios analysts forecast the global connected devices market to grow at a CAGR of 5.34% during the period 2016-2020.
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