Global IOT Sensors Market

Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and wearable’s, requirement of real-time computing of applications, supportive government initiatives, and growing applications of IoT sensors across different industry applications.