The Global Internet Of Things Market Is Forecast To Grow By $1036.83 Bn During 2022-2027, Accelerating At A Cagr Of 15.12% During The Forecast Period

The Global Internet of Things Market is forecast to grow by $1036.83 bn during 2022-2027, accelerating at a CAGR of 15.12%. The market is driven by technological developments in different platforms, exponential growth of internet-connected and operated devices, and rise in industrial automation. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is segmented by application, technology, and geography. The use of wearables to monitor human health and the environment is one of the prime reasons driving the internet of things market growth during the next few years.