IoT Solutions and Services Market Status and Outlook 2020

December 26, 2022 ⚊ 1 Min read ⚊ Views 94 ⚊ BUSINESS

The Internet of Things (IoT) solutions and services market size reached USD 240.10 Billion in 2021 and is expected to register a revenue CAGR of 20.2% during the forecast period to the latest analysis by Emergen Research. Increasing usage of analytics and data processing is a key factor driving revenue growth of the market. The demand for smart security systems, such as Perimeter Intrusion Detection Systems (PIDS), to secure boundaries is rising due to the rapid growth of IoT and smart city initiatives.

Read details: https://www.emergenresearch.com/industry-report/internet-of-things-solutions-and-services-market

Tags: (IoT) solutions and services market

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