According to a new report, the global utility IOT industry is expected to grow by double digits each year between now and 2024, to $15 billion by 2024.
The new report by Global Market Insights, entitled "IoT Utilities Market Size, Growth - Industry Share Forecast Report 2024", growth will be driven by increasing concerns around efficient use of energy sources in line with growing demand.
According to the report, IoT will massively disrupt the power sector, with the benefits of real-time process insights, and improved operational efficiencies propelling industry demand.
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