This article was 1st published on our sister Site, The Internet Of All Things.
A report by research firm Transforma Insights, led by veteran IoT analysts Jim Morrish and Matt Hatton published the first iteration of its highly granular and rigorously researched TAM Database. According to the forecast from Transforma Insights’ Total Addressable Market (TAM) Forecast Database.
At the end of 2019 there were 7.6 billion active IoT devices, a figure which will grow to 24.1 billion in 2030, a compound annual growth rate (CAGR) of 11%, according to this new research.
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