10 Amazing Statistics about IoT You Should Know

10 Amazing Statistics about IoT You Should Know

  1. Gartner predicts that there will be 8.4 billion connected things in use globally in 2017—an increase of 31 per cent from 2016. This number is expected to reach 20.4 billion by 2020.
  2. According to an Accenture report, the Internet of Things (IoT) in healthcare market is expected to reach US$ 163 billion by 2020, registering a Compound Annual Growth Rate (CAGR) of 38.1 per cent from 2015 to 2020.
  3. As per research by Gartner,IoT security expenditure is projected to reach US$ 547 million in 2018. Ericsson predicts that the number of IoT-connected devices will surpass mobile devices in the same year.
  4. Shipments of wearable devices are expected to increase from 76.1 million units in 2015 to 173.4 million by 2019. According to research by International Data Corporation (IDC), wearable device shipments (which include basic and smart wearables) will grow to 173.4 million units by 2019.

 

  1. Research by Accenturesuggests that the Industrial Internet of Things (IIoT) could contribute US$ 14.2 trillion to the global economy by 2030. General Electric expects IIoT investment to exceed US$ 60 trillion during the next 15 years.

 

  1. According toIDC, global spending on IoT will grow at a CAGR of 15.6 per cent to reach US$ 1.29 trillion in 2020. Additionally, estimates by Bainsuggest that annual revenues for vendors selling IoT hardware, software and comprehensive solutions could cross US$ 450 billion in 2020.

 

  1. Telefonica forecasts that90 per cent of cars will be connected by 2020, compared to just 2 per cent in 2012. This growth will likely be driven by the growing demand for in-car entertainment and autonomous driving.

 

  1. According to estimates by HIS, the IoT market will grow from an installed base of 15.4 billion connected devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025. Ciscoprojects that there will be3.4 connected devices per person by 2020.
  2. A survey by Forrester indicated that global enterprises (23 per cent) are more likely than small and medium-sized businesses (14 per cent) to use IoT.

 

  1. IDC found that the top 3 industries in terms of IoT spending are manufacturing, which accounted for US$ 178 billion in IoT expenditure 2016; transportation, which accounted for US$ 78 billion; and utilities, which ranked third, with US$ 69 billion.

Sources: Mobihealthnews, Skyhook, Ve Interactive, Forbes, i-Scoop, Gartner

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