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    Future of Iot

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    Kumar Swaraj
    The document discusses Internet of Things (IoT) statistics and projections. By 2020, it is expected that there will be 50 billion internet connected devices, exceeding the world's population. IoT is projected to generate $19 trillion in cost savings and profits. While only 0.06% of devices currently leverage IoT, the remaining 99.94% of devices could potentially be connected. The global worth of IoT technologies is projected to reach $6.2 trillion by 2025, with the largest values coming from healthcare and manufacturing.

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    Future of Iot

    Uploaded by

    Kumar Swaraj
    54 views4 pages
    The document discusses Internet of Things (IoT) statistics and projections. By 2020, it is expected that there will be 50 billion internet connected devices, exceeding the world's population. IoT is projected to generate $19 trillion in cost savings and profits. While only 0.06% of devices currently leverage IoT, the remaining 99.94% of devices could potentially be connected. The global worth of IoT technologies is projected to reach $6.2 trillion by 2025, with the largest values coming from healthcare and manufacturing.

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    The document discusses Internet of Things (IoT) statistics and projections. By 2020, it is expected that there will be 50 billion internet connected devices, exceeding the world's population. IoT is projected to generate $19 trillion in cost savings and profits. While only 0.06% of devices currently leverage IoT, the remaining 99.94% of devices could potentially be connected. The global worth of IoT technologies is projected to reach $6.2 trillion by 2025, with the largest values coming from healthcare and manufacturing.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    54 views4 pages

    Future of Iot

    Uploaded by

    Kumar Swaraj
    The document discusses Internet of Things (IoT) statistics and projections. By 2020, it is expected that there will be 50 billion internet connected devices, exceeding the world's population. IoT is projected to generate $19 trillion in cost savings and profits. While only 0.06% of devices currently leverage IoT, the remaining 99.94% of devices could potentially be connected. The global worth of IoT technologies is projected to reach $6.2 trillion by 2025, with the largest values coming from healthcare and manufacturing.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

     IoT Statistics

    Defining the
    Future of Internet
    of Things
    1. The number of internet connected “things” already
    exceeded our population back in 2008. By 2020 this number
    is expected to reach 50 billion. A whopping $19 trillion is
    anticipated as cost-savings and profits from this investment.
    2.The potential for future growth is massive. Only 0.06% of
    all devices that could potentially leverage IoT are actually
    doing so. This makes the remaining 99.94% available for
    optimization

    3. IoT smart devices have a deeper penetration in


    manufacturing, healthcare, and business than in our
    homes or phones. By 2025 the global worth of IoT tech is
    projected at $6.2 trillion, with the maximum value from
    healthcare ($2.5 trillion) and manufacturing ($2.3 trillion).

    4. Industrial sensors, advanced RFID tags, beacons, in-


    store analysis and connected manufacturing machines
    have already made it to the market. These innovative B2B
    devices will fundamentally change the way businesses
    function. These connected devices are expected to
    increase from 2.5 billion 2017 to 5.4 billion IoT devices in
    2020.
    5. Of all the business who chose to implement IoT, 94%
    have already seen a return on their IoT investments.
    6. The market for smart cars and connected cars is
    also a huge market. The percent of internet connected
    cars is expected to rise from 10% in 2012 to a
    whopping 90% by 2020.
    Metrics to Measure:
    7. Though businesses are leading the way, consumer IoT is
    not lagging far behind. By 2019, 1.9 billion smart home
    devices are expected to be shipped. This could bring a
    potential revenue worth $490 billion.

    8. There have been major company acquisitions in this space.


    For example. Google acquired Nest Labs, a thermostat maker
    for $3.2 billion. Samsung, on the other hand, bought
    SmartThings, a connected home company, for 200 million.
    9.Add a little bit of body tex3. Soon IoT technology will become an obvious part of our
    clothing as well. 968 thousand smart clothes made it to the consumer in 2015. This
    number is expected to grow to 24.75 billion by 2021. That is 71.6% CAGR - kind of
    impressive, isn’t it?

    10. The adoption of connected home devices is expected to be higher than wearables.
    More than two-thirds of consumers are likely to purchase IoT devices for their homes by
    2019. Nearly half say the same for wearable tech. Of all the devices smart thermostats are
    projected to make it to 43% adoption rate in the next 5 years.

    11. Though the mass adoption of smart devices is expected in the long run, most of the
    consumers (87%) aren’t aware of the meaning of “The Internet of Things.”

    12. These innovations will bring a lot of savings in homes. Smart kitchens alone will
    contribute minimum 15% savings in the F&B industry by 2020.

    13. The wearable devices market is growing at an exponential rate. In 2016, 28.3 million
    units of IoT devices made it to the market. According to IDC forecasts, this number will
    rise to 82.5 million by 2020, showcasing a 31% growth.

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