IoT Connectivity Market Outlook: Technology Adoption and Regional Analysis
The Global IoT Connectivity Market is expected to grow from USD 4.21 billion in 2021 to USD 12.41 billion by 2028 at a CAGR of 16.7% during the forecast period.
The IoT connectivity market is led by North America, covering the US, Canada, and Mexico, due to early adoption of technologies like cellular-based and unlicensed LPWAN.