Connected Retail Spending Going To $54 Billion

It looks like retailers around the world will be stepping up their investment in The Internet of Things over the next few years. The deployment of sensing technology, like beacons, those small radio-transmitting devices we’ve been writing about here since they were introduced, is on a big rise, according to a new study looking at the coming money being spent around retail. The global connected retail market is expected to reach $54 billion within six years, according to the worldwide study from Grand View Research.