Following years of build-up, excitement, and consistent growth, the Internet of Things (IoT) appears ready to cross over into mainstream business use.
IoT Analytics reports that in 2022, the Internet of Things market is expected to grow 18% to 14.4 billion active connections. By 2025, as supply constraints ease and growth further accelerate, there will likely be approximately 27 billion connected IoT devices.
TT Electronics plc (LON:TTG) is a provider of engineered electronics applications for performance-critical applications. The Company works with customers in the industrial, medical, aerospace and defence, and transportation sectors.