IoT

• [New] The global Cloud Platforms for Internet of Things market is expected to gain at a desirable rate during the predicated timespan between 2020 to 2026.
• [New] The global Connectivity Platforms for IoT Devices market is expected to gain at a desirable rate during the predicated timespan between 2020 to 2026.
• [New] The global IoT security market is expected to grow from $1.8 billion in 2019 to $2.4 billion in 2020 at a compound annual growth rate of 34.8%.
• [New] Asia-Pacific Blockchain in IoT market is anticipated to grow rapidly during the projected period, and is anticipated to reach $1459.8 million by the end of 2026, at a growth rate of 94.8%.
• [New] The global internet of things market was valued at US$ 190 billion in 2018 and is projected to reach US$ 1,102.6 billion by 2026, growing at a CAGR of 24.7% in the forecast period.
• By 2022, 90% of industrial enterprises are projected to use some kind of edge computing to enable their Internet of Things.
• By 2022 Australian homes will host more than 47 million IoT devices, and the value of the global market will exceed $US1 trillion.
• The global number of Industrial IoT connections will increase from 17.7bn in 2020 to 36.8bn in 2025.
• Global IoT spending will return to double-digit growth rates in 2021 and achieve compound annual growth of 11.3% over the 2020-24 forecast period.
• The growing technologies such as Internet of Things, cloud, cyber security, big data analytics and Artificial Intelligence are expected to drive Qatar's growth in the next two to four years.
• Worldwide, the number of IoT-connected devices is expected to reach 43 billion by 2023 - a full threefold increase from 2018 which will amount to a market forecast to surpass US$ 176 billion by 2022.
• By 2023, one-third of mid-to-large companies that implemented IoT will have implemented at least one digital twin associated with a COVID-19-motivated use case.
• As the world grows more integrated through connected devices, security standards will need to evolve to keep up with the digital transformation occurring in nearly every industry.
• The Internet of Things in the healthcare market is expected to reach $332 Billion by 2027.
• By 2025, the IoT market is expected to grow to around 75 billion connected devices-cars, home appliances and sensors, wearable computers, smart office tools, equipment in smart factories, and more besides.
• Internet of things connections will represent just 7% of all 5G connections worldwide at the end of 2025.
• 5G will make the internet of things a reality, so predictive maintenance will mean that things will break down and collapse less often, and there will be less waste.
• Global demand for the Internet of Things in the healthcare market will touch $534.3 billion by 2025.
• Installed IoT endpoints for manufacturing and natural resources industries will grow to 1.9 billion units in 2028.
• The Internet of Things is one of the fastest growth areas in the technology sector, with billions of devices connected to the cloud and $1 trillion in spending expected by 2022.
• There will be 41.6 billion IoT devices, or things, generating 79.4 zettabytes (ZB) of data in 2025.
• Increasing adoption of IoT, AI, big data, machine learning, among others in the healthcare industry is further expected to foster the market growth over next few years.
• More than half of executives surveyed plan to increase AI investments in the next three years, while 44% will increase robotics investments.

Last updated: 22 November 2020