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Internet of things (IoT) market is estimated to value US$ 847.0 Bn in 2019
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The global internet of things (IoT) market is estimated to value US$ 847.0 Bn in 2019 and is projected to register a CAGR of over 21% in terms of value during the forecast period 2019–2028.

North America market is estimated to dominate the global Internet of Things (IoT) market during the forecast period. Revenue share of North America IoT market to global market is over 30% in 2017.

According to department of commerce of US total U.S. export revenues for the transmission and distribution equipment sub-sector reached nearly $2.0 billion in 2015. which is expected to support growth of internet of thing market. Canada and Mexico accounted for almost 45 % of this total.

Europe IoT market is expected to hold second-largest revenue share in the global market. Increasing adoption of IoT systems such as sensors in transportation sector to avoid accidents, traffic jam, public transport fleet and route management is expected to drive growth of the internet of thing (IOT) market in Europe.

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