Steadily, market players compete to realize the huge economic potential offered by the Internet of Things. Google's $3 billion plus acquisition of Nest, and Qualcomm's $2.5 billion acquisition of CSR are the biggest transactions in this domain yet.
I can observe that, Industries are majorly spending on monitoring their supply chain, premises, products and customers. There is a huge wave of variance across the vertical industries when it comes to IoT adoption.
According to Research and Markets, Industries like manufacturing, transportation, media & entertainment etc. are having some of the highest IoT Spend as a percentage of their annual revenue.