IoT market to grow 19% in 2015 led by digital signage

The Internet of Things (IoT) market is expected to grow 19 percent in 2015 — led by digital signage, said IDC.

The IoT market in manufacturing operations will grow from $42.2 billion in 2013 to $98.8 billion in 2018, a five-year compound annual growth rate (CAGR) of 18.6 percent. Growth will be driven by ongoing efforts to increase efficiency and link islands of automation.

IoT
Digital signage use in retail outlets will grow from $6.0 billion in 2013 to $27.5 billion in 2018, a 35.7 percent five-year CAGR, as retailers continue to digitize the consumer experience.

The hottest US market is in connected vehicles, with 34.8 percent year-over-year growth anticipated in 2015.

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