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Internet of Things (IoT) Market Set to Skyrocket to $1.7 Trillion by 2027 - ResearchAndMarkets.com

The "Internet of Things (IoT) - Thematic Intelligence" report has been added to ResearchAndMarkets.com's offering. The global IoT market is forecast to reach $1.7 trillion in revenue by 2027. Enterpri...

Autore: Business Wire

Internet of Things (IoT) Market Set to Skyrocket to $1.7 Trillion by 2027 - ResearchAndMarkets.com

DUBLIN: The "Internet of Things (IoT) - Thematic Intelligence" report has been added to ResearchAndMarkets.com's offering.

The global IoT market is forecast to reach $1.7 trillion in revenue by 2027. Enterprise IoT will account for 73% of market revenue by 2027, up from 70% in 2022, while the consumer segment will make up 27% in 2027, down from 30% in 2022. In a post-COVID-19 world, the accelerating adoption of artificial intelligence (AI) and further connectivity improvements will drive solid growth across all IoT markets.

Key Highlights

IoT is a relatively mature market, yet significant innovation is emerging as AI is embedded into the operations and services provided by IoT deployments. Artificial Intelligence of Things (AIoT) involves embedding AI into IoT devices, software, and services. Combining data collected by connected sensors and actuators with AI supports automated operations and predictive maintenance. Furthermore, improvements in the physical layer and edge computing support many use cases of AI at the edge, such as smart cameras, smart traffic lights, and smart drones.

The combination of a fragmented security standards landscape and the weak security of many IoT devices could hold back further IoT adoption.

Additionally, IoT deployments can become a security risk. Despite ongoing industry efforts, there are no globally accepted standards for IoT security. IoT sensors and cameras typically have limited computing capacity, meaning they cannot run effective security software. This leaves them and the networks to which they are connected vulnerable to cyberattacks.

Report Scope

Key Topics Covered:

A selection of companies mentioned in this report includes

For more information about this report visit https://www.researchandmarkets.com/r/yh2vpc

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Fonte: Business Wire


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