Wednesday, 11 October, 2023

Next three years will see the IoT market surpass the $1 tril mark

<p>The revenue of the IoT market worldwide is expected to grow to $1.1 tril by 2024 with a CAGR of 13%, a new report said. The IoT market globally was worth $ 622bn last year and $586 bn in 2019. Enterprise IoT generated almost 76% of the total revenue in 2020. IoT devices, due to COVID-19, saw an rise in usage in thermal cameras and sensors in offices. 45% of those surveyed believe IoT will play a key role in business development in the next three years.</p> <p>&nbsp;</p>