Saturday, 11 April, 2026
Next three years will see the IoT market surpass the $1 tril mark
By Basit Ansari
<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>
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Read full story at Sify
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