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The IoT Rundown For 2020: Stats, Risks, and Solutions
16 Internet of Things (IoT) Statistics
IoT technology enables users, systems, and devices, to connect to a wide range of networks, thus expanding the connectivity between the physical and the digital. As more organizations and governments make digital transformation a priority, the adoption of IoT technology increases. The below statistics show the continuous penetration of IoT technology.
How many IoT devices are installed worldwide:
- In 2018—there were 7 billion IoT devices in 2018
- In 2019—the number of active IoT devices reached 26.66 billion
- Every second—127 new IoT devices are connected to the web
- During 2020—experts estimate the installation of 31 billion IoT devices
- By 2021—35 billion IoT devices will be installed worldwide
- By 2025—more than 75 IoT devices billion will be connected to the web
Revenue for the IoT market:
- In 2016—the global spending on the IoT was $737 billionv
- In 2018—the North American IoT market generated $83.9 billion in revenue
- During 2020—global spending on the IoT should reach $1.29 trillion
- By 2021—the industrial IoT market size should reach $124 billion
- By 2024—the global IoT healthcare market should reach $14 billion
- By 2026—Experts estimate that the IoT device market will reach $1.1 trillion
IoT adoption predictions for 2020:
- 93% of enterprises will adopt IoT technology
- 80% of industrial manufacturing companies will adopt IoT technology
- 90% of cars will be connected to the web through IoT technology
- 3.5 billion cellular IoT connections will be installed