IoT in Energy Market Share Expected to reach USD 703.52 billion by 2031 | Top Players Such as – HPE, Bosch and Schneider Electric

Surge in penetration of IoT-based solution in the energy sector and increased adoption of network technologies have boosted the growth of the global internet of things (IoT) in energy market. On the other hand, increase in adoption of IoT and AI in the energy industry and deployment of smart grid for energy optimization in commercial, …

IoT in Energy Market: Research Analysis, Strategies, Business Plan, & Revenue

Increase in cyber-attacks in the energy sector, need for improved efficiency, advancement in powerful sensors, and increased expenditure in ICT by energy companies are key factors that drive the growth of the IoT in energy market. However, lack of technical skills for effective implementation of IoT in energy sector and increase in security concerns are …