As the fusion of IT and OT proliferates, it is creating thousands of new business to business and business to consumer applications. The market for vertical IoT applications for business though, is outpacing the market for consumer applications as of late. With a forecast for vertical apps to grow from $189 billion today to $866 billion by 2020, the sky could be the limit for many businesses.
Business use of internet-connected devices is catching up with consumer usage, according to Gartner’s latest forecast.
