top of page

Record VC investment in IOT

The market for Internet of Things (IoT) is growing with rising demand for predictive maintenance, remote monitoring and device-agnostic connectivity. VC investments in IoT hardware and software business is growing. Pitchbook in its report titled 'Emerging Tech Research: H2-2020', estimates the market for IoT software to hit US$120 billion in 2021 and grow at 11.5 percentage annually. While the market for IoT software is teeming with players, opportunities of disruption exists in creating platforms that can offer greater control over devices and rich with analytics functions. Industrial IoT attracted over US$2 billion in VC funding. Amongst hardware manufacturers, those offering connectivity devices and industrial sensors are receiving significant interest from VC. The major markets for M&A and private equity investments in IOT businesses remain North America and Asia Pacific, followed by Europe. With growing interest in VC investment and fast adoption of AI based technologies, we expect Middle East to increase its allocation towards IoT investment opportunities through 2021.

For more information on how mBerry can help you identify private equity investment opportunities in AI, AIOps, Big Data, ML, DevOps and IoT space, email

48 views0 comments

Recent Posts

See All


  • LinkedIn
  • Twitter
  • Instagram


Contact Us

Level 7, Mazaya Tower III
Kuwait City
PO Box 13035, Keifan 71801, Kuwait

111 Espace
Nirvana Country
Sector 50, Gurugram, Haryana 122 018, India

71-75 Shelton Street
Covent Garden 
London,  England

2628 Tennis Crescent
Vancouver, BC V6T 2E1

Working Days

Sunday - Thursday

Other countries
Monday - Friday

bottom of page