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Internet of Things: Drop in Sensor Costs Drive IoT as a new Mega-Trend | Formtek Blog
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Internet of Things: Drop in Sensor Costs Drive IoT as a new Mega-Trend | Formtek Blog

Global spending on the Internet of Things (IoT) is expected to reach $745 billion this year and to go beyond $1 trillion by 2022, according to IDC.

Sensors alone had a market size of $9.6 billion in 2018 and are expected to grow to $34.4 billion in 2024, according to Analytical Research Cognizance.

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