Enterprise IoT Market Size, Share, Trends and Analysis

The enterprise Internet of Things (IoT) market size was valued at US$547.9 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.6% during 2021-2026. The adoption of enterprise IoT will be supported by increasing demand for mobile data connectivity at higher speeds, mainly driven by mobile video consumption, increasing adoption of smart cities, and the development of the mobile 5G.