Led by Dr. Arshad Ali
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Dr. Rafia Mumtaz
Associate Professor National University of Sciences and Technology (NUST), Islamabad
The global IoT market is expected to reach a value of USD 1,386.06 billion by 2026 from USD 761.4 billion in 2020 at a Compound Annual Growth Rate (CAGR) of 10.53%, during the period 2021-2026. With the development of wireless networking technologies, the emergence of advanced data analytics, a reduction in the cost of connected devices, an increase in cloud platform adoption, the market is expected to grow at a positive rate.