The Internet of Things (IoT) market, which connects various objects to each other and the cloud, is often cited as the “next big thing” for the tech sector. The number of connected devices worldwide will soar from 15 billion in 2015 to 200 billion by 2020.
However, the market is massive and investors might not know where to start. I believe that as a primer, investors should take a closer look at three top stocks in the IoT market — Sierra Wireless (NASDAQ: SWIR), Cypress Semiconductor (NASDAQ: CY), and Qualcomm (NASDAQ: QCOM).