Iot Solutions And Services Market Outlook (2020-2023) And Segment Forecasts 2020-2028

December 26, 2022 ⚊ 1 Min read ⚊ Views 62 ⚊ BUSINESS

The Internet of Things (IoT) solutions and services market size reached USD 240.10 Billion in 2021 and is expected to register a revenue CAGR of 20.2% during the forecast period to the latest analysis by Emergen Research. Increasing usage of analytics and data processing is a key factor driving revenue growth of the market. The demand for smart security systems, such as Perimeter Intrusion Detection Systems (PIDS), to secure boundaries is rising due to the rapid growth of IoT and smart city initiatives. In addition, there is a strong emphasis on effective energy management strategies to guarantee accurate metering and reduce waste.

Read details: https://www.emergenresearch.com/industry-report/internet-of-things-solutions-and-services-market

Tags: Internet Of Things Solutions And Services Market

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