Wednesday, February 1, 2023

IoT companies will dominate the 2020s

By ET Bureau - September 09, 2019 1 Mins Read

The global IoT market will be worth $14.2 trillion in 2030. Currently, there are 6.7 billion “data collecting devices” in use with 20 billion projected for 2020. Gartner predicts there will be 25 billion connected devices by 2021, and Accenture suggests that the global IoT market will be worth $14.2 trillion in 2030. The old-school internet (“the internet of pages”) is dying off partly for the same reasons IoT is about to take off: data collection.

Industrial IoT can have a huge impact on automation and quality control. It’s the ability to allow remote management of systems and to collect massive amounts of data, will be the biggest driving factor for its success.

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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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