Top 5 Tech Trends In 2023

5. Internet of Things

Growth projection (2032) = $1.56 Trillion

Market size in 2022 = $320.9 Billion

The Internet of Things, or IoT, is one of the most in-demand tech trends in 2023 and will continue to be a top tech trend in the coming years. The Internet of Things compromises physical objects embedded with software, sensors, and other technologies.

According to Precedence Research, the global Internet of Things market was valued at $320.9 billion in 2022. The market is expected to grow to $1.56 trillion by 2032, at a compound annual growth rate of 17.2%.