In 2023, cellular IoT connections are projected to reach 3.5 billion and global IoT spending is expected to hit $1.1 trillion. Connected automobiles are predicted to comprise 39% of the worldwide 5G IoT market, while the industrial IoT market is anticipated to grow to approximately $232.15 billion. This data highlights significant growth and investment opportunities in the IoT sector.

1. Future of Internet of
Things: Prediction for
2023

2. cellular IoT
connections
are expected
to emerge
In 2023,
3.5 billion

3. IoT spending will
be reach
By 2023,
$1.1 trillion
globally

4. it is predicted that
connected
automobiles would
account for
By 2023
39% of the
worldwide 5G
IoT market.

5. Industrial Internet
of Things market
is expected to
touch around
$232.15
billion
by 2023

6. Is this information
helpful for you?
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