Tag: Internet of Things Technology Market Trends

Global Internet of Things Technology Market Overview The Global Internet of Things (IoT) Technology Market is witnessing robust expansion, currently valued at approximately USD 650 billion in 2024. It is projected to surpass USD 2 trillion by 2030, growing at a compound annual growth rate (CAGR) of around 19% during the forecast period. This exponential growth is fueled by widespread adoption across industries such as manufacturing, healthcare, transportation, agriculture, and smart cities. Rapid digitization, rising deployment of smart sensors, and increasing demand for real-time data analytics are propelling the IoT ecosystem. In addition, the convergence of AI, 5G connectivity, and edge computing is transforming the operational capabilities of … Read more