How to Invest in Internet of Things (IoT) Sensors
Back in 2013, Science Daily wrote about how 98% of all data was created in the past two years alone. Who knows if that number still holds true today, but we do know that the sources of big data are increasing everywhere we look. This isn’t just because everybody plasters their lives all over social media now, this is because we’re now collecting lots more data around us using things like satellites, and smart sensors for the Internet of Things (IoT). It’s these smart IoT sensors we’re interested in taking a closer look at. When we say “smart sensors”, we’ll use this definition from WhatIs.com:
A smart sensor is a device that takes input from the physical environment and uses built-in compute resources to perform predefined functions upon detection of specific input and then process data before passing it on.
It’s pretty easy to see how these smart sensors fit into IoT. Here are 3 different estimates of market growth for smart sensors:
- Market Research Future – The smart sensors market is growing rapidly over 16% of CAGR and is expected to reach at USD 60 billion by 2022
