Internet Of Things (iot) Market Size, Share And Trends Analysis By Region, Type (enterprise, Consume
December 28, 2022 ⚊ 1 Min read ⚊ Views 73 ⚊ TECHNOLOGY
The Internet of Things (IoT) market size was valued at more than US$ 700 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of more than 10% during 2021-2026. The increasing demand for mobile data connectivity at higher speeds, mainly driven by mobile video consumption, ultra-low latency communication services (e.g., gaming, AR, and VR), and the development of the mobile 5G, will support the adoption of IoT.
Tags: IOT Market
