IANS : China to surpass US to become world's largest IoT market in 2024: Report

18/01/2021 - 08:39

China will surpass the US to become the world's largest Internet of Things (IoT) market in 2024.

China's spending on IoT is expected to reach around $300 billion by 2024, with the compound annual growth rate to stand at 13 per cent in the next five years, data from global market research firm International Data Corporation (IDC) showed.