North America held the largest part in the Internet of Things (IoT) market share for the year 2023. The region has witnessed noteworthy growth in the healthcare, industrial, and automotive sectors, owing to the growing customer base for cloud-based platforms. Also, the rising adoption of 5G ...
“In 2022, this may force a new tier of IoT team members, with pay and responsibilities that are competitive with the broader IT market,” Broomhead said. “Such workers will be needed to bring IoT systems into broader IT initiatives like zero trust. By creating career paths within IoT tie...
The integration of IoT into industrial processes, also known as Industrial IoT (IIoT) or Industry 4.0, is a key driver of the IoT market. According to the International Federation of Robotics (IFR), the number of industrial robots in industries worldwide increased by 12% to 3.05 million...
The global IoT market size was valued at $956.0 billion in 2023, and is projected to reach $5,332.3 billion by 2032, growing at a CAGR of 21.3%
IoT in Smart Cities Market is poised to grow at a CAGR of 19.2% by 2030 driven by increasing number of initiatives of smart cities across the globe.
The global consumer IoT market size was valued at USD 220.50 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.7% from 2023 to 2030. The growth can be credited to the growing popularity of technologically advanced de
The fusion of 5G technology with industrial edge computing is set to make a significant impact on the Industrial Internet of Things (IIoT), helping in achieving greater operational efficiency as well as flexibility. Restraint: Security concerns The security of the loT market continues to be a ...
IoT professional services assist businesses in the logistics and transportation industries to implement IoT technical solutions to achieve efficiency. By Region, North America to account for the largest market size during the forecast period To know about the assumptions considered for the study, ...
Global IIoT Platform Market Segmentation This market has been divided into Types, Applications, and Regions. The growth of each segment provides an accurate calculation and forecast of sales by Types and Applications, in terms of volume and value for the period between 2020 and 2026. This analysi...
Insights By Application- Industrial IoT segment accelerating as a cornerstone application domain In terms of application, industrial IoT segment is estimated to contribute the highest market share of 31.6% in 2024. From improving productivity and quality to predictive maintenance to supply chain optimizati...