South Korea's Internet of Things (IoT) market in 2015 jumped by 28%, YoY, to nearly $4bn, with personal services, such as smart home and healthcare, accounting for 31%. Around 1,212 firms were involved in IoT businesses with employees numbering between 10 to 49 accounting for 51.4% of those, highlighting that many start-ups and small enterprises were involved in IoT businesses. Payments were at 19.5 percent and tourism and culture were together 8.5 percent. The report also found that the number of companies offering services related to IoT, including cloud computing, artificial intelligence, machine learning and big data, grew from just over 100 at the end of 2014 to more than
South Korea's Internet of Things (IoT) market in 2015 jumped by 28%, YoY, to nearly $4bn, with personal services, such as smart home and healthcare, accounting for 31%. Around 1,212 firms were involved in IoT businesses with employees numbering between 10 to 49 accounting for 51.4% of those, highlighting that many start-ups and small enterprises were involved in IoT businesses. The report also found that the number of companies offering services related to IoT, including cloud computing, artificial intelligence, machine learning and big data, grew from just over 100 at the end of 2014 to more than