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2021 Annual


INTERNET OF THINGS REPORT

March 22, 2022


Download report

Smart homes and connected vehicles drive IoT VC funding to new highs

End user spending for internet of things (IoT) technology hit an estimated
$423.4 billion in 2021, including high market sizes for use cases across
manufacturing, supply chain, and connected vehicles.

VC funding growth for IoT startups was muted in 2021, growing nearly 76% to
$33.5 billion in 2021. In context, US software VC funding increased 130% in the
past year. 

Our 2021 Annual Internet of Things Report breaks down the key trends behind the
maturing vertical across our comprehensive taxonomy of product segments,
including hardware, networking, and connected buildings.


Table of contents

Vertical overview 3 2021 timeline 5 H2 2021 VC ecosystem market map 6 VC
activity 8 Segment overview 9 Hardware 10 Networking 19 Software 27 Industrial
IoT 36 Connected buildings 42 Connected services 52 Appendix 60

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TAGS:

 * Internet of Things,
 * Market Map,
 * Emerging Technology,
 * Tech,
 * Emerging Tech Research,
 * Internet of Things Report

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