Over the past couple of years IoT has become the most hyped word around the world, and rightly so because we all know IoT is here to stay.
So what is IoT?
IoT stands for the Internet of Things. It refers to the devices that are connected through the internet. The basic concept is connecting any device with an on and off switch to the Internet, devices such as cell phones, wearable devices, coffee machines, connected homes even your refrigerator and all those things you can think of.
We have collected a list of factors that will demonstrate how rapidly this sector is growing, and some mind-boggling numbers to prove that IoT (Internet of Things) is here to stay for a very long time.