How smart meters continue to drive IoT applications in North America
The Internet of Things (IoT) has numerous applications within the energy and utility sector. As an example, smart meter penetration in North America is forecast to reach 81 percent by 2024.
According to the latest worldwide market study by Berg Insight, the installed base of smart electricity meters in North America will grow at a compound annual growth rate of 8 percent between 2018 and 2024 to reach 142.8 million units at the end of the forecast period.
Smart meter market development
Over the next five...