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 connected objects collecting and analyzing data and autonomously performing tasks – is becoming a reality, thanks to the development of communication technologies and data analytics.
State of the art
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 active Internet of Things connected devices is forecast to reach 30.9 billion units by 2025. The global government Internet of Things endpoint electronics and communications market is forecast to generate about 15 billion U.S. dollars revenue in 2020. There are many verticals of adoption for the IoT, from wearable devices, to smart cars, smart homes, smart cities, and even industrial equipment.
IoT connections and segments
As technology progresses, the cost of components goes down, driving the mass deployment of IoT endpoints in industries. The commercialization of 5G has increased connectivity and pushed the deployment of cellular IoT modules, especially in the automotive sector. And with increased automation of homes with IoT, smart home device shipments are forecast to reach 1.8 billion by 2025. Beyond automated homes, IoT applications are also widely used in smart agriculture, with precision farming systems able to monitor fields with specialized sensors, keep an eye on the crop, and automate precise watering and fertilization. The IoT penetration in many aspects of our lives brings together data to improve infrastructure, public utilities and services, and more, as well as giving rise to smart cities' development.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
In the following 5 chapters, you will quickly find the 28 most important statistics relating to "Internet of Things (IoT)".