IoT Sensors Market: Consumer Electronics Segment to Lead; Europe to Surpass North America in Revenue Generation
The valuation of the global IoT sensors market was US$6.0 bn in 2015 and is poised to rise to US $34.75 bn by 2023, expanding at a tremendous CAGR of 24.5% from 2016 to 2023. Geographically, North America will continue to dominate the market by revenue until 2020. However, Europe is expected to surpass North America in 2021. The presence of conducive government regulations and increasing emphasis on the internet of things (IoT) are translating into high demand for IoT...
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