Study Says Large Enterprises Account for Over 55% of IoT Adoption in the Cold Chain

The United States will continue to lead the market for IoT adoption in the cold chain, accounting for 86.7% of North America in 2021.

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The increasing demand of real-time data continues to prompt adoption of cloud technology in the cold, pushing the overall valuation of the Internet of Things (IoT) for cold chain monitoring to $4.79 billion in 2021, according to Future Market Insights.

From Future Market Insights

  •  The global IoT for cold chain monitoring market is estimated to register a CAGR of 13.6% during the forecast period of 2021-2031.
  • The United States will continue to lead the market, accounting for 86.7% of North America in 2021.
  • While growth exhibited by Japan and South Korea is expected to increase at accelerated pace, over half of East Asia market will be accounted by China.
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