Internet of Things (IOT) continues to grow rapidly enabled by the internet, cloud computing, sensors, and cell phones. A rapidly growing subcategory is the Location of Things (LOT) with is expected to reach $71.6B by 2025. LOT is focused on connected devices enables connected devices to communicate their geographic location. This is creating new forms of big data and analytics that many companies are eager to collect and leverage. North America and Europe accounted for the majority share in the location of things markets today but Asia is growing rapidly.
Source: Research and Markets