'Not A Hockey Stick, And Never Was' - But IoT Market To More Than Double In 10 Years
RCRWirelessNews, Tuesday, May 14th, 2024
'Not a hockey stick, and never was' - but IoT market to more than double in 10 years
The number of active IoT devices will more than double to 40 billion by the end of 2033, according to IoT analyst house Transforma Insights. Short-range IoT technologies will account for 73 percent of the total by the end of the period; cellular IoT connections, mostly on LTE-based NB-IoT and LTE-M (and related technologies), will account for most of the rest, with about a 19 percent share of the total. The total IoT market will be worth $934 billion, it said.