The Internet of Things (IoT) term refers to the connection of previously unconnected things to the Internet, so that they can collect data or automate processes, and the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025 according to an IHS forecast. Today we have identified 5 IoT stocks that are in the business of selling and/or manufacturing the hardware, software, and comprehensive solutions. The stocks on our list have surged as high as 94% year to date and show no signs of slowing down.
Written by SmallCapPower.com
1. Lantronix Inc. (Nasdaq: LTRX)
Communications & Networking
Lantronix, Inc. is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets.
The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other.
2. Sierra Wireless Inc. (SWIR)
Communications & Networking
Sierra Wireless, Inc. is engaged in building the Internet of Things (IoT) with wireless solutions for organizations.
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