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IoT services & applications: market breakdown 2020

Size of the global IoT services and applications market in 2020, by application (in billion euros)

IoT services & applications: market breakdown 2020 This statistic represents a breakdown of the global Internet of Things (IoT) services and applications market in 2020, categorized by application. By 2020, the market for IoT connected things is expected to grow to some 50 billion euros.
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Size of the global IoT services and applications market in 2020, by application (in billion euros)

Market size in billion euros
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Market size in billion euros
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Description

Source

More information

This statistic represents a breakdown of the global Internet of Things (IoT) services and applications market in 2020, categorized by application. By 2020, the market for IoT connected things is expected to grow to some 50 billion euros.
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Release date
February 2017
Region
Worldwide
Survey time period
2017
Supplementary notes
The source describes the segments as follows:
Services: Enables data integration and customization.
Applications, analytics: Enables data interpretation.
Identity and security: Restricts access to the system; safeguards connected devices.
Backbone: Captures & stores data from connected devices.
Communications: Enables information exchange between sensors.
Connected things: Enables the monitoring of i.e. homes, inventory, packages, and machinery through sensors, moctocontrollers, and procsessors.
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