Global Internet of Things (IoT) Connectivity Market to Reach $13.8 Billion by 2026

Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Connectivity estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$13.8 Billion by 2026, growing at a CAGR of 18.5% over the analysis period.

The Internet of Things (IoT) Connectivity market in the U.S. is estimated at US$1.6 Billion in the year 2021.

China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2026 trailing a CAGR of 17.7% over the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.5% and 15.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.