Key IoT Technology Trends Shaping Digital Transformation
The IoT technology market was valued at USD 945.90 billion in 2024, the base year, and is estimated at USD 1,018.83 billion in 2025. It is projected to reach USD 2,004.62 billion by 2034, growing at a CAGR of 7.8% during the forecast period 2025–2034. Major players include Amazon Web Services, Cisco Systems, Inc., Hewlett Packard Enterprise, IBM, Intel Corporation, Microsoft, PTC Inc.,...
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