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IoT connections to soar to 83 billion by 2024

Tuesday 31 March 2020 | 11:10 CET | News
The total number of IoT connections worldwide will reach 83 billion by 2024, up sharply from 35 billion connections in 2020, according to a new report from Juniper Research. Increasing use of private networks by the industrial sector is set to be the main driver for the 130 percent growth over the 4-year period, said the study. In fact, the industrial sector, including manufacturing, retail and agriculture, will account for over 70 percent of all IoT connections by 2024.

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Categories: Mobile & Wireless
Countries: World
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