Global IoT Market Size by Service Type

Source Research:

IoT Market Tracker - Worldwide

Market Data | 09 Sep 2024 | MD-IOTMWW-112
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ABI Research's most recent IoT Market Tracker projects the IoT market size will increase by more than 2X between 2024 and 2030 - from US$277.3 billion to US$606.1 billion. Physical connections will generate only a fraction of the revenue opportunity, with services such as data analytics and device/application platforms accounting for most of the IoT market valuation.

For a more in-depth assessment of the IoT market, read this blog post.