Internet of Things - Statistics & Facts

Published by Shanhong Liu, Jul 12, 2019
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.

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 stands at around 26 billion as of 2019 with forecasts suggesting that this number will nearly double by 2023. As of the end of 2018, the Communications segment accounts for the bulk of IoT devices followed by the Consumer and Commercial & industrial electronics segments, which account for 5.9 billion and 5.4 billion units respectively. There are many verticals of adoption for the IoT, from wearable devices, to smart cars, smart homes, cities and even industrial equipment.

The smart home / automated home market, another IoT vertical, is forecast to grow significantly over the next few years, with its Video entertainment segment alone expected to grow from 157 billion U.S. dollars in revenue as of 2018 to over 190 billion by 2022. Additionally, the smart home automation market is projected to reach more than 28 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.

Interesting statistics

In the following 7 chapters, you will quickly find the 45 most important statistics relating to "Internet of Things".

Internet of Things (IoT)

Dossier on the topic

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

Submarkets

Enabling technologies

Connected things

Mobile connections & users

Smart devices

Smart buildings & cities

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