The IoT market is on pace to grow to over $2.4 trillion annually by 2027 – here are the key factors that contribute to its widespread growth

ENDING SOON: Get $100 off a report or bundle. Use code: MEMDAY100* CONNECTIVITY & TECH REPORT SNAPSHOT Here's what over 400 IoT decision-makers say about the future of enterprise connectivity and how IoT companies can use it to grow revenue * This chart and data were pulled from The Internet of Things 2020 Report by Business Insider Intelligence. For a limited time, purchase the report here for a discounted $395 to get immediate access to the full analysis. Get the Full Analysis Today → IoT systems and solutions are iterating rapidly, and providers are coming to meet more and more of companies' and consumers' needs. Emerging tools and technologies like smart speakers, machine learning, and 5G are enabling huge gains to efficiency and more control at home and in the workplace. We forecast that there will be more than 41 billion IoT devices installed globally by 2027. Some of the factors that will drive growth in the IoT installed base include: The continued development of lower-powered IoT devices with minimal or no battery requirements. Devices with low power requirements don't need to be replaced or updated by IT and OT staff, making it simpler to deploy and manage IoT systems in the field. The continued rollout of LPWANs. These IoT-specific networks will enable more efficient devices to be employed in accelerating numbers. These networks in particular will support the... Access Full Chart Data & Analysis → Other report highlights you don't want to miss… The Smart City Journey Report Investment in smart cities could reach $295 billion by 2025… Access Full Report → The Global 5G Landscape Report An inside look at how India, Brazil, and Mexico are initiating the next phase of 5G development… Access Full Report → This is just a preview of the information and insights you'll find in The Internet of Things 2020 Report by Business Insider Intelligence. For a limited time, purchase the report today for a discounted $395 to access the full analysis. Get The Full Report → *Offer expires at 11:59pm EST on May 26th.

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