IoT device sales set to surge in next decade
The number of Internet of Things devices used to spark the "smart" in smart cities is projected to surge six-fold in the next decade, according to a new forecast from market research firm IHS Markit.
Shipments of devices like sensors and nodes that detect pedestrians and traffic and measure water and air pollution are expected to hit 202 million devices globally this year, then grow to 1.4 billion by 2026, IHS Markit said in a report released Thursday.
"The smart city market continues to grow, presenting great opportunities for all players, despite its current fragmented state," said the report's author, Pablo Tomasi, a senior analyst in smart cities and IoT at IHS Markit.
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