IoT sensor market to reach $9.9bn by 2026 – AI
The market is set to grow substantially from the $3.35bn recorded last year, maintaining a compound annual growth rate (CAGR) of 12.7% during the eight-year period in question.
Within this, North America is expected to continue to lead, with the expectation that the continent will maintain an 11.8% CAGR between now and 2026, with a $3.2bn market valuation by the end of the period in question.
A new report from Business Insider Intelligence (BI Intelligence), has forecast that in the period between 2017-2025, total internet of things (IoT) investments could reach up to $15tn.