web of things market to attain $20B through 2030

The global IoT working programs market will grow from $635 million to $20 billion through 2030, in keeping with a report by Transparency Market analysis.

From 2020 to 2030, the market will develop at a compound annual increase rate of 38%. Some drivers of the market include extended adoption in healthcare because of COVID-19 and deeper penetration of Linux in retail, logistics and manufacturing.

The healthcare phase will cling the dominate market share all over the forecasted period, however the support and maintenance section will also see a high CAGR, according to the file.