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October 03, 2022 | Tom Ballard

Venture funding in the IoT sector has cooled

PitchBook reports that venture funding for the Internet-of-Things (IoT) market cooled in the first half of 2022 amid challenging economic conditions.

According to its latest Emerging Tech Research report, the IoT sector’s reliance on global supply chains and cyclical industries such as manufacturing may leave it relatively more vulnerable to economic uncertainty, but the shift to connected cars continues to drive investment in the space.

The update explores venture capital trends in the IoT vertical and highlights emerging opportunities in connectivity management, software-defined vehicles, and wireless power. The report also includes a market map of the industry’s subsegments, from smart homes to healthcare and IoT security.

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