Internet of Things - Statistics & Facts

Published by Shanhong Liu, Jan 31, 2018
In 1999, British technologist Kevin Ashton came up with the term Internet of Things (IoT) to define a network that not only connects people, but also the objects around them. At the time, most people thought this was the stuff of Science-Fiction films. Today, the Internet of Things – a vast network of smart objects which work together in collecting and analyzing data and autonomously performing actions – is becoming a reality, thanks to the machine-to-machine communication (M2M) technology.

Interesting statistics

In the following 7 chapters, you will quickly find the 50 most important statistics relating to "Internet of Things".

In many ways, smart objects have been employed for decades, such as electronic wristwatches, car alarms and coordinated traffic lights. What the IoT brings is a greater prevalence of smart objects and a higher connectivity between them. The installed base of Internet of Things connected devices and things is forecast to reach a figure between 6.6 billion and 30 billion by 2020 depending on the source and definition of what can be considered an IoT device/thing. The consumer segment will have the greatest share of the Internet of Things installed base. There are many verticals of adoption for the IoT, from wearable devices, to cars, smart homes, cities and industrial equipment.

The smart home / automated home market, another IoT vertical, is forecast to grow significantly over the next few years, as the global smart home market is forecast to grow to more than 50 billion U.S. dollars. The smart home automation market is projected to reach more than 20 billion U.S. dollars in revenue by that time. The use of IoT extends to all types of buildings, as well as to the automotive industry, creating not only smart homes, but also smart cars and offices, and eventually smart cities.

Internet of Things (IoT)

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!

Important key figures

The most important key figures provide you with a compact summary of the topic of "Internet of Things" and take you straight to the corresponding statistics.

Enabling technologies

Connected things

Smart devices & buildings

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