The rise in Big Data has led to the sharp increase in sensor - enabled offerings from manufacturers , with industries now using sensors to track data , performance measures and other metrics for business . The global sensor market has been forecast to reach $ 57.77bn by 2022 , $ 39bn higher than in 2015 . Meanwhile, Fitbits and smart watches show the technology is useful not just for industrial purposes, but as consumer goods for entertainment or healthcare needs. Sensors can streamline business operations , with RFID tags potentially revolutionising inventory management and sensors in automobiles enabling vehicle - to - vehicle transmissions . Sensors are improving safety by detecting issues in real time , and reducing inefficiency as a result .
The rise in Big Data has led to the sharp increase in sensor - enabled offerings from manufacturers , with industries now using sensors to track data , performance measures and other metrics for business . The global sensor market has been forecast to reach $ 57.77bn by 2022 , $ 39bn higher than in 2015 . Sensors can streamline business operations , with RFID tags potentially revolutionising inventory management and sensors in automobiles enabling vehicle - to - vehicle transmissions . Sensors are improving safety by detecting issues in real time , and reducing inefficiency as a result .