The global IoT device market is expected to surge with an average annual growth rate of 18.6% from 2022 to 2031.
The global IoT device market is expected to grow from \$92.2 billion in 2022 to \$428 billion by 2031, with a compound annual growth rate (CAGR) of 18.6% during the forecast period from 2023 to 2031. The growth of the IoT device market is driven by the proliferation of the internet and advancements in technology. Additionally, the increase in infrastructure projects such as smart homes and smart cities, along with improvements in efficiency through data collection and analysis, are propelling the market. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Major Companies: Qualcomm Incorporated Texas Instruments Inc NXP Semiconductors N.V. Cisco Systems Inc. Microsoft Corporation Microchip Technology Inc. Cypress Semiconductor Corporation Renesas Electronics Corporation Intel Corporation MediaTek By Connection Technology Wireless LAN Bluetooth Zigbee Cellular NFC RFID Others By Component Processors Connectivity ICs Sensors Others By Indian Users Home Appliances Retail Logistics Automotive Healthcare Manufacturing Others
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