According to the latest IoT-related industry report, overall enterprise IoT spending will increase by 22.4% to $158 billion in 2021. Key macro drivers for future IoT market size include mature technologies such as artificial intelligence, 5G, and cloud, and the role IoT plays in achieving SDGs.

As can be seen from the above figure, the investment of enterprises in the Internet of Things in 2021 can be divided into four categories, one is software, the other is services, the third is hardware, and the last is security. In 2022, enterprises’ overall IoT investment will increase by 23% to $194 billion.

At the same time, IoT technology is also an important factor in promoting the development of the industry. AIoT has become a direction that has attracted much attention in recent years. According to a survey on IoT adoption in 2021, 70% of companies are promoting AI. And pilots, the application of AI in solutions, applications, hardware, etc. are constantly being upgraded.


With the migration of enterprise workloads to the cloud, Microsoft, AWS, and Google have invested heavily in cloud platforms to provide communication services, and to create core elements such as digital twins. Going to the cloud is a market trend.

There is also communication technology. In addition to 5G, many mature connection technologies have been introduced in recent years, including LPWAN, WiFi 6, and the low-orbit satellite Internet of Things, etc., to create stronger connection capabilities to promote the development of the Internet of Things market.

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