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Machina Research said it has become clear that the Internet of Things (IoT) represents a far greater revenue opportunity than that offered by machine-to-machine (M2) applications alone.
The research company has therefore expanded the scope of its IoT revenue forecasts, predicting that the revenue opportunity will rise from $892 billion ([Euro] 777 billion) in 2015 to $4 trillion in 2025.
"Specifically, we have now added revenues associated with IoT-like applications that are powered by 'exhaust data' from M2M applications as well as more 'horizontal'...