As with any unique and burgeoning technology, the Internet of Things (IoT) faces many digital-age dilemmas. Already booming to a Gartner estimated 4.9 billion active IoT devices in 2015, the largely scenario-based IoT market has grown more quickly than the laws and regulations surrounding it.
The successful conclusion will result in the stable, $11 trillion by 2025, industry that has been predicted for quite some time. However, the mismanagement or bungling of this critical period may very well be a global disaster.
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