IoT Market to Projected to Grow by USD 1,036.83bn by 2027.
TELECOMWORLDWIRE-October 9, 2023-IoT Market to Projected to Grow by USD 1,036.83bn by 2027
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Technavio has added to its offering The Internet Of Things market Forecast and Analysis 2023-2027 Report that projects the potential growth difference for the Internet of Things market from 2022 to 2027 is USD 1,036.83bn, the company said.
The report is segmented by application (industrial, retail, healthcare, ICT, and others), technology (RFID, sensors, NFC, cloud services, and others), and geography (APAC, North America, Europe, Middle East, and Africa, and South America).
The rise in industrial automation is a key factor driving market growth. Industries are undergoing revolutionary changes with the increasing automation of industrial processes.
The combined use of physical and digital systems to enable advanced machine-to-machine and human-machine interface communication has grown...
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