Global Internet of Things (IoT) Market Insights, Size and Growth Forecast To 2027
Global Internet of Things (IoT) Market is likely to foster by the development of network technologies and the rising concern for automation of industrial processes. The global Internet of Things (IoT) market expected to grow with a CAGR 12.30% over the forecast period, 2020-2027, and expected to generate USD 1.3 trillion revenue by 2027 due to increasing adoption of the Internet of Things for industrial automation. Additionally, adoption of IoT by manufacturers such as the Industrial Internet of Things (IoT), BI, quality management, mobile technologies, and the real-time monitoring based IoT sensors will enhance the growth of the global Internet of Things (IoT) market in the upcoming time. The Internet of Things presents an opportunity to transform society and establish a new ecosystem built to serve not merely humans, but humanity. According to the Telecom Regulatory Authority of India, there are 3.7 billion people connected to the Internet, almost 50% of that conne...