Roswell, GA -- (SBWIRE) -- 12/05/2016 -- The Internet of Things, also known as IoT, is the network between household items that will come to represent an estimated $14 billion in revenue within the next four years for all those who decide to invest in it.

The representatives of mobility in the Retail Solutions Division of Intel Corp. mentioned all the financial benefits and prospects of IoT for the future. Many people are unsure of what the IoT is really about and what it's capable of doing. One of the newer examples of the Internet of Things put into action is the Samsung refrigerator. Samsung Partnered with MasterCard, so that if food items are running low, it will order new food and pay for it automatically. There is also a concept of a smart electric meter that detects how much electricity used the last month like the regular meter, but this one also pays for electric bill.

These devices function with a connection to the internet and are connected to the other household devices. By 2020, this industry will have trillions of dollars in revenue with an annual growth rate of 20%. So it is a colossal area of investment.

IoT seeks to learn about its users to fulfill their daily needs. For instance, clothes in a store equipped with an IoT tag may detect specific pieces of clothing and their popularity so that their results may be interpreted for why they succeed or fail.

Different ideas are spurring for these types of devices and manufacturers are hyped about this new potential technology of the future. App designers are also considering different designs for this sort of technology and more so considering the different potentials for each item and their displays. MasterCard and Visa are the first ones to look into this topic and that is why there is a majority of financially related topics for the IoT.

The Internet of Things is growing massively, and even though the attention for it is not so massive, profit is seen everywhere for anyone that participates in this industry.

To learn more about Netcom PaySystem payment processing solutions, simply fill out a quick online application at www.netcompaysystem.com to get started and a representative will be in contact within 24-48 hours or for faster service please feel free to contact us at 800-875-6680.

Media Contact:
Company Name: Netcom PaySystem
Contact Person: Media Relations
Email: sales@netcompaysystem.net
Phone: 800-875-6680
Country: United States
Website: http://netcompaysystem.com