Over the course of the forecast period, the IoT market for utilities is estimated to produce US$129.1 billion, with a compound annual growth rate of 11.9%. The growing support from many governments will likely drive market development in the future years. It is projected that the business would bring in $41.8 billion by 2022. The increasing significance …
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IoT in Utilities: $129.1B Market with 11.9% CAGR, Backed by Governments
The market for IoT in utilities is expected to generate US$129.1 billion while showing a CAGR of 11.9% during the projected period. In the upcoming years, market expansion is probably going to be fueled by the increasing backing from several governments. In 2022, the industry is anticipated to generate $41.8 billion in revenue. The government of several …
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