The market will grow by exhibiting a CAGR of 15.3% CAGR during the forecast period (2024-2032) Contact online >>
The market will grow by exhibiting a CAGR of 15.3% CAGR during the forecast period (2024-2032)
The manufacturing sector is expected to grow at the highest CAGR during the forecast period within the industry segment.
The integration of IoT with smart grids and smart meters is one of the factors driving the market growth.
IBM Corporation., Schneider Electric SE, Siemens AG, Honeywell International Inc., Eaton Corporation, and General Electric Company are the top companies in the global market.
By end-user, the residential/smart homes segment is expected to showcase a rapid growth rate during the forecast period.
The revenue of the market in North America in 2023 was USD 11.14 billion.
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