Iot-Connected Gadgets to Cross 50 Billion by 2020 Spurring the Global Technological Market

Posted on: Oct-2017 | By: QY Research | IT & Telecommunications

As per a report published last week, the Internet of Things-connected device will reach 50 Billion by the end of 2020. The report stated that the connected gadgets can lower the price of the investment by the U.S. on healthcare by $300 Billion yearly. In addition to this, energy savings achieved by connected gadgets can lower the emission of greenhouse gas by as much as 19%. This is surely going to spur the global technological market. Let us have a look at other reasons influencing the global technological market.

The rising curiosity of the human beings in each and every field is the main reason behind the development of each and every thing that we have today in the world. Right from the beginning, the invention of fire and wheel was also a part of technology. This curiosity, in modern day as well, is the main reason that is boosting the global technological market. The human nature of applying science in each and every thing that exists is interesting. When we see back in the Stone Age period, the invention of fire and wheel was enough. Mankind applied this invention in various conditions and circumstances. For instance, he started utilizing fire for cooking food and protecting himself from wild animals. On the other hand, he employed wheels for easy transportation. Similarly, in today’s world, with advanced technology, mankind has applied technology in each and every sector thus powering the global technological market.

In addition to this, the rising use of technology in the field of medical is the most important factor. Technological advancement in the medical field has placed doctors next to God. The life span has increased drastically. Diseases that were incurable since a decade or two ago are now cured easily with the help of technology. This application of technology in the field of medical has towered the growth of the global technological market.

But, lack of job opportunities is the main concern since machines are replacing humans in almost every field.

In short, we have no reasons, or rather negligible reasons known to us that will hamper the growth of the global technological market.