IoT in retail market will experience a burgeoning growth with a compound annual growth rate (CAGR) of 19.34%, which will be a considerable growth over its 2018 market size at $16.71 billion.
The Internet of Things (IoT) technology has taken the world by storm. According to Intel Corporation headquartered in California, this technology is exploding and reaching across every single device with a fast pace. The company projects 200 billion different objects empowered by this technology by the year 2020.[1] Most of the objects that human access on a daily basis fall in the category of ‘smart’ products, thanks to Internet of Things.
