The global market for enterprise Internet of things (IoT) is expected to grow to 483 billion U.S. dollars in size by the end of 2027. The technology reached 201 billion dollars in market revenue for the first time in 2022, and forecasts suggest that this figure will grow to around 238 billion by 2023.
Forecast enterprise spending on Internet of Things (IoT) worldwide from 2019 to 2027
(in billion U.S. dollars)
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IoT Analytics. (February 7, 2023). Forecast enterprise spending on Internet of Things (IoT) worldwide from 2019 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/1369033/global-iot-market-size/
IoT Analytics. "Forecast enterprise spending on Internet of Things (IoT) worldwide from 2019 to 2027 (in billion U.S. dollars)." Chart. February 7, 2023. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/1369033/global-iot-market-size/
IoT Analytics. (2023). Forecast enterprise spending on Internet of Things (IoT) worldwide from 2019 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/1369033/global-iot-market-size/
IoT Analytics. "Forecast Enterprise Spending on Internet of Things (Iot) Worldwide from 2019 to 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Feb 2023, https://www.statista.com/statistics/1369033/global-iot-market-size/
IoT Analytics, Forecast enterprise spending on Internet of Things (IoT) worldwide from 2019 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1369033/global-iot-market-size/ (last visited September 20, 2024)
Forecast enterprise spending on Internet of Things (IoT) worldwide from 2019 to 2027 (in billion U.S. dollars) [Graph], IoT Analytics, February 7, 2023. [Online]. Available: https://www.statista.com/statistics/1369033/global-iot-market-size/