“Industrial vertical to hold largest share of IoT sensors market by 2018”

“Industrial vertical to hold largest share of IoT sensors market by 2018”

The industrial vertical is expected to hold the largest share of the IoT sensors market by 2018. The emerging areas of applications such as infotainment and telematics in the automotive industry and increasing preference for carrying out complex industrial processes with ease are likely to drive the market for the industrial IoT sensors. Further, the factors such as the need to implement predictive maintenance techniques in industrial equipment to monitor their working and to avoid unscheduled downtimes in the production cycle are fueling the growth of the IoT sensors market for the industrial sector.

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