The total revenue opportunity of Internet of Things (IoT) is estimated to reach $906 billion by 2025, triple the revenue of $348 billion in 2019, according to a GSMA Intelligence report. Asia Pacific is projected to lead with $343 billion in IoT revenue, followed by Northern America at $283 billion, and Europe at $182 billion, with the Middle East & North Africa, Latin America, Sub-Saharan Africa, and CIS regions also contributing significantly to global IoT revenue growth.