Digital Thread Market to Grow at CAGR of 26.9% by 2020- Competition, Status, Emerging Trends, Growth Factors, Value Chain and Key Players Like Cisco Systems, Inc.
IoT device manufacturers are creating market opportunities, by creating proprietary ecosystem standards for IoT devices, which fall within their brand line, and then increasing switching costs, to eliminate threat from substitutes. The importance of global standards in the IoT environment is evident in the case of proprietary data formats. Data collection and analysis through IoT devices is market worth billions of dollars by itself.
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