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.