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› Forums › General › News (General) › IoT Infrastructure Market – Technology & Innovation Trends from 2017 to 2024
Tagged: IoTNetwork_H5, MarketRes_G16
#News(General) [ via IoTForIndiaGroup ]
IoT Infrastructure Market size was valued at over USD 15 billion in 2016 and will grow at more than 25% CAGR estimation from 2017 to 2024. Rising investments in smart city projects across the globe is anticipated to drive the IoT infrastructure market growth. Smart cities offer a wide range of connectivity and computing options that can be implemented to the existing setup in order to optimize the efficiency.
Increasing demand for reliable and dedicated sensors for improving the quality of living in a smart city is expected to boost the demand for sensor technology in IoT infrastructure market.