IoT market forecast to 2030: connections by region and vertical
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Updated in December 2024, the IoT market forecast presents connections data to 2030. The global IoT market will reach 38.7 billion connections by 2030, growing at a CAGR of 8% during 2023-2030. Having surpassed consumer connections in 2022, the number of enterprise connections is forecast to double, accounting for 63% of total IoT connections by 2030.
The forecast presents IoT connections by region and vertical, and offers splits of regional IoT connections by vertical.
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