IoT market update: Enterprise IoT market size reached $269 billion in 2023, with growth deceleration in 2024
In short The enterprise IoT market size reached $269 billion in 2023, representing 15% growth year-over-year, according to the Global IoT Enterprise Spending dashboard (Q2/2024 update). Growth is expected to slow further to 12% in 2024 before re-accelerating in 2025....
Winning in IoT: How the enterprise IoT market is evolving
In short IoT enterprise spending reached $201 billion in 2022, significantly lower than many had previously predicted. IoT adopters will focus on building the IoT software backbone, developing IoT applications, and infusing AI in the coming five years. 47% of IoT...
Global IoT spending to grow 24% in 2021, led by investments in IoT software and IoT security
Key Insights Overall enterprise Internet of Things (IoT) spending grew 12.1% in 2020 to $128.9 billion. Asia-Pacific (APAC) saw the fastest growth (17.0%), followed by North America (14.9%) and Europe (9.7%). 2021 IoT spending for enterprises is expected to grow 24.0%...