Verizon, meanwhile, is considering offering flat-rate unlimited data plans to boost its Internet of Things offering and the U.S. is expected to be one of the largest smart city markets in the world.
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Understanding the Explosive Growth of the Internet of Things
The Internet of Things is expected to be a $7 trillion market by 2020 and is already growing at an impressive rate, with automobile and machine-to-machine connections accounting for 46% of cellular connections during the first three months of this year. So reports The Motley Fool.
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