The huge market demand in the future will bring rare development opportunities and broad development space to the Internet of Things！

Global enterprise IoT spending on IoT will reach $201 billion in 2022, a 21.5% increase from 2021. IoT Analytics Consulting predicts growth of 18.5% in 2023.

From a long-term perspective, IoT Analytics believes that the overall space will reach US$483 billion in 2027.

From a business expense classification perspective, IoT hardware accounts for 44-45%, and IoT services and software account for 26-27% respectively.