World Business Council





INTERNET
OF THINGS-IoT

Chair

The IoT sector is transforming industries by connecting devices and systems to improve efficiency, data collection, and decision making. The U.S. and China lead in IoT technology adoption, while Europe follows closely with significant developments.

The WBC IoT Council is actively working to drive innovation and integration of IoT technologies across various sectors. By fostering collaboration among tech companies, industry leaders, and policymakers, the Council addresses challenges such as security, interoperability, and data privacy. It promotes best practices in IoT implementation and advocates for policies that support the growth of IoT ecosystems. Looking ahead, the Council aims to enhance standards for IoT devices, support research in smart technologies, and drive initiatives that harness IoT for sustainable development.



GLOBAL
Market Size
$ 2 Tr.

United States

Business Volume: $500 B

 

China

Business Volume: $400 B

 

Germany

Business Volume: $120 B

United Kingdom

Business Volume: $100 B

 

Japan

Business Volume: $90 B

 

India

Business Volume: $80 B

South Korea

Business Volume: $70 B

 

France

Business Volume: $60 B

 

Canada

Business Volume: $50 B