Massive IoT Initiative – Statistics 2020
According to Microsoft, one particular type of project accounts for close to one quarter of all global IoT initiatives: smart-city projects. In a 451 Research report from February 2020, analyst Johan Vermij describes as the “number one IoT vertical.” In fact, in Microsoft’s fourth year of the company’s “IoT in Action” events in Amsterdam earlier this year, this is the first time the tech firm gave dedicated focus to the smart cities. Business Wire informed that Microsoft acquires IoT/OT security leader CyberX to enable unified security across converged IT and industrial networks. CyberX’s IoT/OT-aware behavioral analytics platform integrates with Azure security to deliver end-to-end security across managed and unmanaged IoT devices.
The installed base of active Internet of Things connected devices is forecast to reach 21.5 billion units by 2025. As of the beginning of 2018, the Communications segment accounts for the bulk of IoT devices followed by the Consumer and Commercial & industrial electronics segments, which account for 5.9 billion and 5.4 billion units respectively. There are many verticals of adoption for the IoT, from wearable devices, to smart cars, smart homes, cities and even industrial equipment.
Here are a few interesting points of IoT statistics:
- The internet of things market revenue is $212 billion worldwide
- 4 billion IoT devices will be online by 2020
- The number is expected to rise to 75 billion devices by 2025
- 54% of enterprises cite cost saving as the main value driver for IoT projects
- eMarketer predicts that smart speaker assistants like Alexa and Siri will grow their user base to 76.5 million in the US alone.
- Projected global internet of things (IoT) spending 2023 – 1.1 trillion USD
- Number of internet of things (IoT) platforms 2019 – 620
- Consumer spending on smart home systems worldwide 2020 – 115bn USD
- Experts predict we’ll have around 80 billion smart devices (with an exploitable Internet connection), and urban areas are expected generate 180 zettabytes in the next five years.
- According to Gartner, there will be between 20.4 billion and 31 billion IoT devices online by 2020.
- The IoT trends suggest the number will rise to 75 billion devices by 2025.
- Statista predicts, fully-autonomous cars will catch up, and by 2035 North America will hold 29% of the self-driving fleet. China – 24%, and Western Europe – 20%.
- According to Allied Market Research, the IoT Healthcare market will reach a net worth of $136 billion by 2021.
- According to Frost & Sullivan, smart cities will surpass $2 trillion market value by 2025 – with artificial intelligence (AI) and IoT being the main driving forces.
This is easy to understand that the internet of things expands with the idea of making everything much easier and safer for us.
- Business Insider
- Allied Market Research
- IoT Analytics
- Frost & Sullivan
- Tech Pro