IDC Research reports that the IoT market is poised to nearly triple all the way to $1.7 trillion by the year 2020, up from $655 billion in 2014. The number of connected devices such as drones, wearables, refrigerators and everything in between will rise from 10.3 billion to 29.5 billion devices in the same time frame. As the Internet of Things ecosystem continues to grow, companies increasingly will look to platforms and services that help them manage and analyze the streams of data coming from connected cars, thermostats and smartwatches. Sensors will play a pivotal role in this growth as they are responsible for gathering and outputting valuable data. Furthermore, sensors will enable these connected devices to behave autonomously by being contextually aware of their environment and thus able to make their own intelligent decisions.
