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IoT market value to top USD 1 trillion by 2025 - GSMA

Wednesday 30 May 2018 | 16:08 CET | News

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The worldwide Internet of Things (IoT) market is set to reach USD 1.1 trillion in revenue by 2025, driven largely by the industrial IoT sector, according to a report from GSMA Intelligence. Total IoT connections are expected to soar from 6.3 billion in 2016 to 25 billion in 2025, with industrial IoT accounting for 13.8 billion connections compared to 11.4 billion for the consumer segment, led by the smart home market. The Asia Pacific region forecast to become the largest global IoT region in terms of both connections and revenue, added the report.

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Categories: Mobile & Wireless
Companies: GSMA
Countries: World
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