As we know the demand is high for IoT, but what about the revenues? Are they generating enough for the devices to make their mark in the market?

Are the IoT devices good enough to have a foothold in North America. The survey result by GSMA and Statista states that the IoT is generating higher revenues in the applications, platforms or services quite more and increasing steady in every year as compare to the professional services.

The IoT revenue by Application, platforms and services segment as below,

The IoT revenue by Professional services as below,

The number of IoT connections in North America from 2018 till 2025 expected as per the GSMA intelligence,

The rapid rise and increase in the billion connections in North America shows the demand and the need among the companies and the manufacturers or production halls.

Source:- GSMA ; Statista