The global enterprise IoT market grew by 22% to a total of $157.9 billion in 2021despite some adverse conditions labncluding labor and chip shortages, according to a study released today by Germany-based research firm IoT Analytics.
That figure is slightly lower than the 24% that the company projected in previous reports, but it’s still a substantial rate of growth, and one that IoT Analytics expects will be sustained for the next five years, for a projected total market size of $525 billion by 2027.
