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Semiconductor Wireless Sensor Internet of Things (IoT) Market Will Be Worth $12 Billion By 2020: Radiant Insights

San Francisco, California, Nov. 26, 2014 (GLOBE NEWSWIRE) -- Worldwide markets are poised to achieve significant growth as the Semiconductor Wireless Sensor Network is used to implement the Internet of things and to monitor pipelines, oil wells, and healthcare patients to illustrate the variety of projects supported by these networks.

Semiconductor wireless sensor networks are used for bridge monitoring, implementing the smart grid, implementing the Internet of things, and monitoring for security implementation. The systems are used to implement energy savings in homes and commercial buildings, almost anything can be monitored with sensors and tracked on a smart phone. Projects are ongoing.

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With 9 billion devices connected to the Internet in 2014, phenomenal growth is likely to occur when that number rises to 100 billion by 2020. Businesses control devices with sensors and wireless sensor networks (WSNs). The sensors connected to the Internet promise to bring a big data explosion. Much of the data will be discarded, as users get simply overwhelmed by vast volumes. Analytics will become popular inside the wireless sensor networks so that alerts are generated at the point of collection of data.

Wireless sensor networks are developing a market presence. They are set to power wireless sensor network proliferation. Independent sensor devices located almost anywhere have attained workable levels of efficiency. The proliferation of apps on smart phones will drive growth of semiconductor wireless sensor networks markets because the sensors work directly as they are installed without excess labor and wiring that has been necessary previously, making the systems more convenient to install and run.

Semiconductor Wireless Sensor Networks Markets at $2.7 billion in 2013 are forecast to reach $12 billion Worldwide by 2020. Wild growth, frequently measured as penetration rates is a result of the change out of wired sensor networks for wireless ones. In addition, the wireless networks have a broader reach than the wired ones did, spurring market extensions in a variety of applications, some not even thought of so far.

Market growth is dependent on emerging technology. As the wireless technology, the solid state battery, the sensor technology, smart phone technology and the energy harvesting technology all become commercialized, these devices will be used to implement wireless sensor networks. The semiconductor wireless sensor networks markets will be driven by the adoption of 9 billion smart phones by 2020, creating demand for apps that depend on sensor networks.

More Information on Semiconductor Wireless Sensor Internet of Things (IoT) Market: http://www.radiantinsights.com/research/semiconductor-wireless-sensor-internet-of-things-iot-market

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