(MENAFN - GetNews) According to the report published by Grand View Research, Inc., factors such as increasing penetration of e-commerce platforms, growing adoption of smartphones and connected devices and proliferation of sensor devices all around are some of major reasons expected to drive the market growth in the forecast period.
According to a report, Internet of Things in Retail Market Size, Share & Trends Analysis Report By Solution, By Hardware (Beacons, RFID Tags, Sensors, Wearables), By Service, By Technology, And Segment Forecasts, 2018 - 2025, published by Grand View Research, Inc. The global internet of things in retail market size is expected to reach USD 94.44 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 21.5% CAGR during the forecast period. Increasing demand for improved flexibility, multiple distribution channels, better service, and enhanced experience are expected to provide impetus to industry growth over the fore
The company has co-developed a demand-supply matching platform with its energy supplier in Sweden.
Microsoft plans to open new sustainable data centers in Sweden next year to meet increasing demand for cloud services in the country. It will be the first deployment of a system that uses Azure IoT technology that monitors energy consumption to match it with renewable energy from its power company Vattenfall on an hourly basis, ensuring that its data centers use 100 percent renewable energy, the company said.
The cloud giant announced its plans to build the new data center region in late November. A cloud availability region is a geographically dispersed set of data centers, which in this case will be built in the cities of Gävle, Sandviken, and Staffanstorp. The new facilities will provide access to Azure, Microsoft 365, Dynamics 365, and Power Platform service in Sweden.