According to Goldstein Research, by 2020 each person on an average is expected to own 7 connected devices in communication, whereas 8.7 million cars are set to have internet access. Global IOT Market Size in 2014 was estimated at USD 591.7 billion which is expected to reach USD 1.3 trillion by 2024. The Global internet of things market segmentation has been done on the basis of components, software, application, end user and geography. Globally the IoT installed devices is majorly in the smart homes, wearable, smart grid and connected healthcare among others. Various companies such as Cisco are continuously advancing their technologies to provide better IoT solution & devices, such that by 2020 the number of internet connected things will surpass the global population. Further, Global internet of things market is largely dominated by developed regions i.e. North America & Europe which have huge spending on internet connected devices and have exceeded the global average of c...