According to a new research report from the Gothenburg, Sweden-based analyst firm, Berg Insight, mobile operator revenues from the Internet of Things (IoT) reached € 11 billion(US$ 11.42 billion) in 2016.
The Internet of Things (IoT) movement is upon us. Devices are increasingly becoming connected to the Internet, and analysts are making big predictions. By 2020, Gartner says 21 billion devices will be connected to the Internet, and IDC says IoT spending will reach $1.7 trillion.
Telit Communications PLC, a global enabler of the Internet of Things (IoT), has published its preliminary results for the year to December 31, 2015. Revenues for the year rose 13.4% to US$333.5 million (2014: $294 million).
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