IoT [New] The global market size of the Industrial IoT Platform was USD 289 Million in 2019 and is projected to hit USD 688.1 Million by the end of 2026, with a Compound Annual Growth Rate of 13.0% during the forecast period 2021 to 2026. [New] The Global Cloud Computing in Industrial IOT Market size is expected to grow from USD 3,685.06 Million in 2018 to USD 7,373.29 Million by 2025, at a Compound Annual Growth Rate of 10.41% during the forecast period 2025. [New] The number of IoT-connected devices is forecast to hit 43 billion by 2023, almost three times the number of devices in 2018. [New] IDC projects that by 2025, there will be 41.6 billion Internet of Things devices generating 79.4 ZB worth of data, which would equal 79.4 trillion GB. [New] The number of IoT connected devices is projected to grow in the coming years, meaning that VDAs will become increasingly important fixtures in households around the world. [New] The global IoT chip market is expected to register a CAGR of 13.5% during the forecast period 2020-2025. The global industrial IoT market is expected to reach approximately USD 751.3 billion by 2023, growing at a CAGR of 23.88% from 2017 to 2023. Global Internet of Things Technology Market was valued at USD 516.40 Billion in 2017 and is projected to reach USD 783.3 Billion by 2025, growing at a CAGR of 23.7% from 2018 to 2025. Global Internet of Things (IoT) in Healthcare Market was valued at USD 139.75 Billion in 2018 and is projected to grow at a CAGR of 19.01% to reach USD 566.01 Billion by 2026, over the forecast period. The global smart water grid market is to hit $22.2 billion in 2020 owing to increasing investments in the Industrial Internet of Things (IIoT) solutions by utilities. In addition to millions of new 5G base stations on Earth and 20,000 new satellites in space, 200 billion transmitting objects, according to estimates, will be part of the Internet of Things by 2020, and one trillion objects a few years later. The global internet of thing market is controlled to rise in next few years, countries in APAC region have adopted internet of things and also predicted to become fastest growing market. The global IoT in manufacturing industry size is projected to reach USD 136.83 billion by 2026 with 22.1% CAGR during the forecast period. By 2020, there will be up to 21 billion devices across the world connected with Internet of Things. Business Insider's premium research service, forecasts that 5.8 billion IoT devices owned by enterprises and governments will use fog computing in 2020, up from 570 million devices in 2015. This year more than half of new businesses are expected to be running on the internet of things. IoT devices would generate about 847 zettabytes of data per year by 2021. 50 percent of OT providers will partner with IT-centric providers for IoT offerings over the next year. The global market for the Internet of Things (IoT) will grow to 75.4 billion devices by 2023. Within five years IoT gadgets will be creating 79.4 zettabytes of data. The footprint of IoT devices is steadily expanding - again, Gartner predicts there will be 5.8 billion enterprise and automotive IoT endpoints in use in 2020, and that investment will pass the $1 trillion mark by 2022. The IoT in manufacturing Asia Pacific market will see good growth in the coming years. See full forecast Last updated: 29 March 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
