Asked by: Elisea Laguartatechnology and computing internet of things
How much is the IoT industry worth?
Last Updated: 20th February, 2020
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Also, how large is the IoT market?
Tweet This. Bain predicts the combined markets ofthe Internet of Things (IoT) will grow to about $520B in2021, more than double the $235B spent in 2017. Data center andanalytics will be the fastest growing IoT segment, reachinga 50% Compound Annual Growth Rate (CAGR) from 2017 to2021.
what IoT means? internet of things
Considering this, how many IoT companies are there?
There were 15.41 billion IoT connecteddevices in 2015. Back in 2015, the number of Internet ofThings connected devices was 15.41 billion.
How many devices will be connected to the Internet by 2020?
The number of IoT devices that are active isexpected to grow to 10 billion by 2020 and 22 billion by2025.