IoT sensors are the backbone of the digital transformation that is reshaping industries and our daily lives. These sensors are capable of detecting and measuring a wide range of parameters such as temperature, humidity, motion, light, and much more. They can be embedded in everyday objects, infrastructure, and even living organisms, enabling real-time monitoring and analysis.
The global IoT sensor market is expected to grow from USD 10.54 billion in 2022 to USD 65.18 billion by 2029 at a CAGR of 29.7% during the forecast period.