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65% of IoT Apps are Generating Revenues

June 17, 2015

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Progress has announced the results of its latest industry survey, in conjunction with Harbor Research. Initial findings show an impressive 65 percent of Internet of Things (IoT) apps in production today are generating real revenue.

The study results, undertaken by Harbor Research, also reveal developers expect this figure to rise to 80 percent by 2018. The industries that currently lead in IoT development include smart homes, wearables, automotive and sports/fitness.