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Internet of Things Market in Russia
October 2017 by Marc Jacob
The Internet of Things (IoT) and increased internet connectivity will be at the very heart of every one of the many industries. According to experts, Russia IoT market is expected to reach USD 74.0 Billion by 2023.
The Russian government’s Internet start-up fund, FRII, has joined forces with tech giants GS Group and mobile operators Megafon, MTS, and VimpelCom to launch a national Internet of Things (IoT) consortium. In 2014, the fund increased its coverage to include emerging sectors such as wearable devices and the IoT.
There are currently over 10 Russian startups developing technologies for IoT data exchange. Moreover, technology startups in Russia are one of the major trends which are raising the popularity of connected devices. The Russia IoT market is expected to expand at a CAGR of 19.62% during the forecast period of 2016-2023. Read more>>> www.infosecurityrussia.ru/en/blog/iot-russia
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