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Internet of things surge

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Juniper Research indicates that IoT connected devices will grow from 13.4 billion in 2015 to 38.5 billion in 2020 – 285% increase.

The majority of the devices will be in the industrial and public sector due to the strong business case with examples such as Michelin and John Deere transitioned to services using IoT.

The consumer market represents a high average revenue per user market segment and the industrial sector provides high ROI.