Is There Enough IOT Business to Go Around? | Via Satellite


Forecasts on future Internet of Things (IOT) business opportunities are enough to give a salesperson high blood pressure.

IDC forecasts a Compound Annual Growth Rate (CAGR) of 13.6 percent from 2017 to 2022, when worldwide spending on IOT will reach $1.2 trillion.

IOT Analytics offered a near-term forecast that the global IOT market will grow 37 percent to $151 billion in 2018 alone.

Meanwhile, Ericsson expects there to be 3.5 billion cellular IOT connections in 2023, growing at a CAGR of 30 percent.

It may seem silly to ask the question, but will there be enough IOT business to go around, where satellite is concerned?

Source: Is There Enough IOT Business to Go Around? – Via Satellite –

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