Wireless Sensor Network R&D Investment to Top $1 Billion in 2012
Aligned with government’s top priorities, Wireless Sensor Networking (WSN) is attracting hundreds of millions of R&D funding in several recession-proof markets, according to a recent study by ON World. Including both public and private sources, WSN R&D spending will reach $1.3 billion in 2012, up from $522 million in 2007.
“With markets reeling, businesses and investors are relying on the public sector more than ever to set the priorities to encourage innovation and entrepreneurship that will lead to an economic recovery,” says Mareca Hatler, ON World’s research director. “By providing needed solutions for energy, the environment, and healthcare, WSN continues to be a one of the fastest growing research and development areas.”
More info here.
