The Internet of Things technology and application market...

The Internet of Things technology and application market value is expected to be $1.42 trillion by 2020, said a report by business research firm MarketsandMarkets, said a company news release (http://bit.ly/1tKXY4J) Monday. The market value for the IoT tech and applications was $1 trillion in 2013, it said. Applications such as smart meters, smart plugs, connected cars and “wearable technology” will encourage IoT growth, it said.