“A study shows that by the end of year 2020, there will be more than 30 billion devices connected with the information grid and the market size will be double the size of pc, smartphone and connected cars and wearable’s market. The global IoT market is expected to grow with a CAGR of ~ 19.75%, and is expected to grow US ~ 2488 Billion by the end of 2022,” according to Market Research Future.
SNSR held 46 stocks at the end of the second quarter, over 59% of which are U.S. companies. Switzerland is the ETF’s second-largest geographic exposure at 19.63%. Most of the ETF’s geographic exposures are classified as developed markets.
“IoT or Internet of things can be explained as a network which helps to connect multiple smart devices enabled with software and network connectivity and exchange information between each other and with the server. Today, IoT is a billion-dollar market and is growing continuously,” according to Market Research.
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