Internet of Things (IoT) Market Outlook 2025 |The Insight Partners Internet of Things (IoT) Market Outlook 2025 |The | Page 3
Internet of Things (IoT) Market to 2025
IoT in smart cities is acquiring an important impetus worldwide. While smarter technologies have greater demand
than over utility grids, the emphasis would ultimately move toward other developing fields, such as infrastructure
management, transportation, building automation, intelligent cities services and energy management during the
forecasted period. Smart cities are highly positive to adopt these effective and smart solutions with the upsurge
demand for IoT devices. Most of the IoT devices relies on various sensors to observe the environment and cost for
these sensors are reducing at a steady rate acting as a key driver for growth of global IoT market. Increasing
investments in IoT divisions, the increase in connectivity of the internet globally and high adoption of devices such
as tablets and smart phones have raised the global demand for IoT. Growing dependency on prevailing network
connectivity creates challenges such as security threat. Among the prime restraints in the IoT market is the lack of
competency of real-time procedures. Real-time procedures are projected to assist real-time applications and
process data as it is generated without any interruptions.
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