Description

The globa IoT devices market is broken down by region North America, Asia-Pacific, Europe, Middle East and Africa, Latin America. Each region is also segmented by application.

In 2024, Building Automation, Security & Surveillance followed by Factory and Industrial Automation will continue to dominate the market, jointly contributing more that 60 percent. Connected consumer electronics represents the fastest growing segment. In 2017, there were over 15.8 billion IoT devices in service. By 2024, the number is expected to reach 60.7 billion, growing at a CAGR of 21.2 percent.

Author: Dilip Sarangan