Global IoT market projected to reach $1111.3 billion by 2026


global IoT market

Organizations around the world are increasingly adopting advanced technologies, which is driving the global Internet of Things (IoT) market.

Fortune Business Insights in a report, titled “Global Internet of Things (IoT) market: Global market analysis, insights and forecast, 2019-2026” states that IoT technology holds significant potential in the ICT sector.

As per the report, the global market was valued at $190.0 Bn in the year 2018 and is anticipated to reach $1111.3 Bn by 2026. The analysts in the report predict that the global market will expand at a ferocious CAGR of 24.7% throughout the forecast years.

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