Syndicated Research Studies

The global Internet of Things (IoT) market was valued at USD 1.18 trillion in 2023 and is projected to reach USD 2.65 trillion by 2030, expanding at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2030. IoT technologies enable real-time monitoring and data-driven operations across various sectors, including healthcare (for patient monitoring), retail (for inventory control), and agriculture (for field condition tracking). This broad application across industries is a major factor driving the market’s growth. The increasing availability of high-speed connectivity technologies, especially 5G, is significantly boosting the IoT market. The enhanced data transfer rates, lower latency, and greater network capacity provided by 5G networks allow for seamless communication between IoT devices and centralized systems. These features are critical for applications such as autonomous vehicles, remote patient monitoring, and smart city infrastructure. As 5G adoption continues to ex...

Internet of Things (IoT) Market Growth & Trends   The global internet of things (IoT) market size is expected to reach USD 2.65 billion by 2030, registering a CAGR of 11.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The emergence of start-ups in different industries to satisfy growing need of consumers is anticipated to result in increasing venture capital investments. The market is estimated to grow at 15.2 % to reach over USD 1.88 trillion by 2022.   IoT market is projected to increase at a significant pace on account of its ability to improve efficiency and enable new services. IoT connects devices including industrial equipment and consumer electronics through a network that allows users to gather information and manage devices via software. Key factors that are expected to propel future growth include improving connectivity and internet access, data processing requirements and decreasing costs of internet enabled senso...