Global internet of things market to pass $1.5trn by 2029

The global market for internet of things (IoT) devices will top $1.5trn by 2029, almost doubling from 2024, according to a new report. GlobalData’s Market Opportunity Forecasts to 2029: Internet of Things report indicates that total IoT revenues were $760.9bn in 2024 and are expected to grow at a compound annual growth rate (CAGR) of 15.05% through 2029 to reach $1.53trn. Internet of things market value 2024-29 Manufacturing and government organisations continue to represent the largest vertical segment ...