Internet of Things (IoT) Market Size, Share and Trends Analysis by Region, Type (Enterprise, Consume
Richardwilliam9312 Jan, 2023Technology
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.
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