IoT platform market to grow to $1.6 billion by 2020: Verizon report

PUNE: The Internet of Things (IOT) platform market is expected to grow 35% per year to $1.16 billion by 2020, according to Verizon’s State of the Market: Internet of Things 2017 report. The report finds that the biggest growth will be in business-to-business applications which can generate nearly 70% of potential value enabled by IoT.