Reported 15 days ago
According to a report by GlobalData, the global internet of things (IoT) market is projected to surpass $1.5 trillion by 2029, nearly doubling from $760.9 billion in 2024. The growth, driven by manufacturing, government sectors, and innovations in services and connectivity, is expected to rise at a compound annual growth rate (CAGR) of 15.05%. The Asia-Pacific region is anticipated to lead the market, with the United States representing the largest individual opportunity.
Source: YAHOO