Market Update Despite the ongoing Covid-19 pandemic, the market for the Internet of Things continues to grow. In 2020, for the first time, there are more IoT connections (e.g., connected cars, smart home devices, connected industrial equipment) than there are non-IoT connections (smartphones, laptops, and computers).
Source: State of the IoT 2020: 12 billion IoT connections, surpassing non-IoT for the first time
