Iran IoT Market - Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2027 | TechSci Research
Iran IoT market is expected to grow with a steady CAGR for the forecast period, 2023-2027. The growing adoption of cloud technology and the launch of policies promoting digitization in the country is expected to drive the demand of the Iran IoT market. The reduction in the cost of sensors and other hardware equipment required for the implementation of the internet of things technology is contributing to the market growth. The high penetration of internet services and the proliferation of smart devices in the country are influencing the demand of the Iran IoT market. The rise in the disposable income of the consumers is increasing the expenditure capacity of the consumer to buy electronic devices. Rapid urbanization and the improvement in the country's economic conditions are expected to propel the Iran IoT market. The launch of 'The Things Network of Tehran' by Iran's IoT research center, a global open crowdsourced network to boost the adoption of IoT technology in th...