ABI Research forecasts that IoT Identity and Management projects will hit $21.5 billion in revenue by 2022. Reports show that IDoT (Identity of Things) services will grow in the next five years, driven by industrial, manufacturing, and automotive industries. IDoT services are finding more and more applications, from cloud services to app programming interface (API) solutions. By 2022, research analysts expect global IoT network solutions to hit $1 trillion with a CAGR of 21.6%.

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