Published: 2020
Geography: AUS
Author: PwC
The value of the IoT industry in Australia, which includes hardware, sensors, backbone capacity, network capability, apps and solution services, is already worth close to A$19 bn. However, unlike the overall ICT market, which is growing only slightly faster than GDP, IoT-related products and services are increasing at a significant 14% compound annual growth rate (CAGR), and are expected to reach close to A$30 bn in five years’ time.
