IoT Market Expected to Reach $153.2 Billion by 2029
The IoT Market is expected to reach USD 153.2 billion by 2029 from USD 64.8 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period.
The increasing adoption of technology is improving various sectors through up-to-date information and useful perspectives from IoT. The integration of cloud computing with IoT improves vast amounts of data analysis. Consequently,...
Motor Monitoring Market Anticipated to Reach $2.9 billion by 2026; Witnessing a CAGR of 7.8%
The report “Motor Monitoring Market by Offering (Hardware, Software, Services), Monitoring Process (Online, Portable), End-User Industry (Oil & Gas, Power Generation, Metals & Mining, Chemicals, Automotive), Deployment and Region – Global Forecast to 2026″, size will grow to USD 2.9 billion by 2026 from USD 2.0 billion in 2021, at a CAGR of 7.8% during the forecast...
Geospatial Solutions Market expected to Grow $502.6 Billion by 2024
The global Geospatial
Solutions Market is projected to reach $502.6 billion by 2024 from an
estimated $239.1 billion in 2019, at a CAGR of 13.2% during 2019-2024. This
growth can be attributed to factors such as integration of geospatial
technology into mainstream technologies, advancements in geospatial solutions
with the introduction of artificial intelligence and Big Data analytics,
increasing...
What Makes Internet of Things Market A Trillion Dollar Industry?
Started with the machine-to-machine (M2M) communication, the internet of things has come a long way. The concepts of man to machine, machine to machine and machine to mobile are collective called as internet of things (IoT) – a term coined by Kevin Ashton in 1999. The Auto-ID labs at MIT made this concept truly popular. Today, smartphones have become the strongest connecting tool and vital instrument...
Internet of Things Market to Boost IT Sector at Impressive Growth Rate
The internet of things (IoT) is an advanced concept based on the uniquely identifiable objects, which have virtual representations. Radio frequency identification or RFID is often seen as the prerequisite for IoT or internet of things. In the processes of IoT and M2M (machine to machine) communications, objects or things are considered as essential projected active participants in various social processes,...