Retail looks to invest in IoT technologies
Retailers seeking to capitalize on Internet of Things (IoT) technologies will spend an estimated $2.5 billion in hardware and installation costs, nearly a fourfold increase over this year’s estimated $670 million in spending, according to a Juniper Research report. The research, The Internet of Things: Consumer, Industrial & Public Services 2015-2020, found that leading retailers using the IoT to generate an ecosystem are poised to gain market advantage and fully capitalize on the opportunity.
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