According to Mordor Intelligence estimations, the worldwide IoT market reached $761.4 billion in 2020 and will rise to $1,386.06 billion by 2026. The CAGR (compound annual growth rate) is predicted to be 10.53% during this period.
Growth of the global IoT market in billions of dollars
The Internet of Things is essential for the future of various sectors. And online trade business is not an exception. IoT in retail examples include:
3 IoT Applications in Business and Ecommerce
1. Discovering new shopping platforms
Today’s vendors provide customers with a unique online experience and extend store accessibility beyond phones and computers. The only thing users need to do is press a button and get what they need in no time.
Continue reading: https://www.toolbox.com/tech/iot/guest-article/three-ways-connected-things-reshape-online-trade/
Growth of the global IoT market in billions of dollars
The Internet of Things is essential for the future of various sectors. And online trade business is not an exception. IoT in retail examples include:
-
- smart shelves with automatic heating and lighting;
- smart factories, monitoring industrial processes to discover faults; among other things.
3 IoT Applications in Business and Ecommerce
1. Discovering new shopping platforms
Today’s vendors provide customers with a unique online experience and extend store accessibility beyond phones and computers. The only thing users need to do is press a button and get what they need in no time.
Continue reading: https://www.toolbox.com/tech/iot/guest-article/three-ways-connected-things-reshape-online-trade/
