
Over the past 10 years, the IoT industry has grown rapidly and achieved scale, according to IoT Analytics, a market research firm specializing in the internet of things. By 2020, there will be 11.7 billion IoT connections, surpassing 10 billion non-IoT connections for the first time, signaling a new era in IoT development. Market Insight Reports reports that geolocation-enabled IoT will grow from $40 billion today to $74 billion by 2025, making it one of the most powerful and rapidly growing segments of IoT. In order to realize many typical IoT applications, precise location is necessary. Transport and logistics, for