SOURCE RESEARCH
IoT Market Tracker - Worldwide
Market Data | 2Q 2023 | MD-IOTMWW-111
Get The ReportInternet of Things (IoT) connection revenue is expected to increase from US$5.7 billion in 2022 to US$13.5 billion in 2027, spurred by digital transformation ambitions among enterprises operating in the region. As the chart above shows, China will account for nearly half of all IoT connection revenue in the Asia-Pacific region alone, with Japan and India in distant second and third places.
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