IoT Market Projected At $1.7 Trillion By 2027, Says ResearchAndMarkets.com

 


ResearchAndMarkets.com has introduced the "Internet of Things (IoT) - Thematic Intelligence" report, projecting a substantial $1.7 trillion revenue for the global IoT market by 2027. The enterprise sector is anticipated to dominate, constituting 73% of revenue, while the consumer segment is predicted to decrease to 27%. Post-COVID-19, the widespread incorporation of artificial intelligence (AI) and enhanced connectivity will drive robust growth across all IoT sectors.

Key Highlights:

The report showcases innovation within the mature IoT market, particularly as AI integrates into IoT operations, termed Artificial Intelligence of Things (AIoT). AIoT embeds AI into IoT devices, aiding automated operations, predictive maintenance, and improving edge computing applications like smart cameras and drones.

However, fragmented security standards and vulnerabilities in IoT devices could hamper adoption. Limited computing capacities in IoT sensors and cameras leave networks susceptible to cyber threats.

Report Scope:

The report covers trends over 12 to 24 months, highlighting technology, macroeconomics, regulatory aspects, and comprehensive industry analysis. It delves into market forecasts, proprietary signals data analysis, and profiles major IoT players like Alibaba, Amazon, Cisco, and Microsoft. For more information, visit ResearchAndMarkets.com.

Read More - https://www.techdogs.com/tech-news/business-wire/internet-of-things-iot-market-set-to-skyrocket-to-17-trillion-by-2027-researchandmarketscom

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