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Semiconductor Wireless Sensor Internet of Things (IoT) would grow and reach a value of $12 billion globally by the end of 2020

Research Beam has recently added a report titled Semiconductor Wireless Sensor Internet of Things (IoT): Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020 The report mentions that semiconductor wireless sensor networks markets was valued at $2.7 billion in the year 2013 and would reach a value of $12 billion globally by the end of 2020.

The semiconductor wireless sensor networks when integrated into the Internet of Things (IoT) are finding a wide range of applications in various domains such as health-care, industrial and production process monitoring, control networks, and enhanced security monitoring.

The report mentions how different projects are in the pipeline which comprises of advanced systems that are implemented to achieve energy savings in homes and commercial flats. The report further offers an insight into the wide scalability of these semiconductor wireless sensor networks to be used for the monitor of any measurement and its subsequent tracking by smartphone.

As per the report, as many as nine billion devices were connected to the Internet in the year 2014 resulting in the phenomenal growth when that number of devices rises to 100 billion by the end of 2020. The report further highlights the importance of embedding analytics into the wireless sensor network control units ensuring that the alert data required is effectively transmitted.
The report offers a comprehensive analysis of the data storage technological developments made by the wireless sensor networks. The report tracks the growth of Wireless sensor networking since sensors are freed from the grid and thus has an advanced network architecture.

The report mentions that the key driver of semiconductor wireless sensor networks is the proliferation of apps that can be installed on smart phones. The report offers detailed analysis of the current and future trends and growth prospects of the Semiconductor Wireless Sensor market.

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