Patent applications for smart object technologies, on which the Fourth Industrial Revolution depends, are rising rapidly, according to a new study.
More than 5,000 “Internet of Things” (IoT) patent applications were filed in 2016 at the European Patent Office (EPO). This marks a growth rate of 54% over the last three years. Compared to the 8% growth rate for all patent applications, IoT technologies are rapidly attracting inventors.
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