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2021 has been the refreshing beginning for the entrepreneurs after COVID impact on 2020. The demand for IoT Technology in the year 2021 is unstoppable, and the market was expected to boom in the year 2021, after the pandemic takes a down toll. And, with the start of 2021, this prediction was somehow turning out to be true.
The opportunities for the start-ups were multiplied exponentially in the beginning of 2021. Many entrepreneurs intended to use IoT to drive in some innovative solutions to the market, to convert the demand of this technology into their business profit. In the year 2020, after the world was struck hard by the pandemic for few months, IDC reported that worldwide IoT spending would be slow in 2020 by 8.2%. IDC also reported that there is a prediction of a possible compound annual growth rate of a total of 11.3 percent in the next 4 years.
As per Intel, IoT Silicon Provider, the predicted dynamics for IoT spending in 2021 were playing off accordingly. All the growth prospects have returned for IoT businesses, those were in the declining toll in the previous year. The sales executive of Intel IoT, Brad Haczynski, elaborated in an interview with CRN, that IoT projects did experience a slow pace in 2020. He also said that, the potential of IoT didn’t slow down, and everyone is still talking about this technology. This massive demand hike and the accelerated innovation pace is what has helped IoT achieve success in 2021, he added.
Apart from these statements and dynamics, the 10 most attention-grabbing IoT start-ups are what is highlighting the demand for IoT in the year 2021, so far. The IoT needs have grown over the past few years, and the world is in need of such start-ups that can plan out innovative ways of meeting such demands. These 10 start-ups listed below have showcased their expertise in the field of bringing in new and evolved needs of IoT analytics. They have found innovative remedies to seek the completion of complex and modern digital transformation projects.
There are many start-ups associated with IoT for fueling the growth of this technology, that started in the year 2021. But, these few names are the most attention-grabbing ones. The start-ups with a massive momentum in the year 2021 are:
These companies have established their foundation and will be the major players in driving the IoT market in the next coming years. The use and application of IoT will never take a low slope, for a long time now. And, that seems motivating for aspiring entrepreneurs to use IoT as an ideal business option.
Credit: For more information on all of these start-ups, please check out this link!
Mousumi is a Digital Marketing Executive at IoT Avenue who helped to promote the site along with several other sites with her compassionate SEO experties.
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