Industrial IoT Statistics 2024 – Everything You Need to Know

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Are you looking to add Industrial IoT to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Industrial IoT statistics of 2024.

My team and I scanned the entire web and collected all the most useful Industrial IoT stats on this page. You don’t need to check any other resource on the web for any Industrial IoT statistics. All are here only 🙂

How much of an impact will Industrial IoT have on your day-to-day? or the day-to-day of your business? Should you invest in Industrial IoT? We will answer all your Industrial IoT related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Industrial IoT Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 491 Industrial IoT Statistics on this page 🙂

Industrial IoT Benefits Statistics

  • According to IoT Survey, the biggest benefits of IoT for businesses have gained new capabilities (35%). [0]
  • Around83% of organizationshave boosted their efficiency by introducing IoT technology.Moreover, up to94% of retailersagree that the benefits of implementing IoT are greater than the risks. [1]
  • PWC reports that 93% of executives believe the benefits of IoT outweigh the risks. [2]

Industrial IoT Usage Statistics

  • the six year period between 2019 and 2025.North America, Western Europe, and China account for67% of IoT usage. [1]
  • The usage per month of the average top 1 percent of mobile users is steadily decreasing. [3]
  • The usage per month of the average top 1 percent of mobile data users has been steadily decreasing compared to that of overall usage. [3]

Industrial IoT Market Statistics

  • Today) Apple currently holds the highest smartwatch market share at 40% after shipping 12.9 million units of the Apple Watch Series 6 and SE in the fourth quarter of last year. [4]
  • Its share of the market will remain at around 63% between 2018 and 2020. [4]
  • Hardware accounted for 35% of this $1.7T market value. [4]
  • Morgan Stanley predicted the industrial IoT market size reached $110 billion by 2020 and $124B in 2021. [4]
  • IoT in retail markets is predicted to grow to $35.5 billion in 2025. [4]
  • The lowest implementation of high potential use cases across IoT market segments is seen in energy & utilities (18%) and automotive (17%). [4]
  • This will represent growth at a CAGR of 21.38%, considering that the estimation of the endpoint security solutions in IoT market size by Gartner for 2016 was at $240 million. [4]
  • The growth of the internet of things consumer electronics market in North America is predicted at a CAGR of 12.25% from $90 billion in 2017 to $180 billion in 2024. [4]
  • The IoT market was worth $581B for ICT based spending alone by 2020, growing at a CAGR of between 7 and 15%. [4]
  • The automotive IoT market was valued at $15.87 billion in 2015, indicating a CAGR of 26.5% over the eight. [4]
  • IoT statistics for the healthcare market show a projected growth at CAGR of 30.8% from 2017 when the healthcare IoT market was valued at $41.22 billion. [4]
  • the worldwide smart homes market show an estimated growth at a CAGR of 19.31% rising from $20.38 billion in 2014. [4]
  • In 2018, the worldwide market value of IoT in education was $4.8 billion and was expected to grow at a CAGR of 18.8% through 2024. [4]
  • forecasts for the banking and financial services market predict growth at a CAGR of 52.1% from $0.17 billion in 2017. [4]
  • The worldwide IoT in the manufacturing market was valued at $10.45 billion in 2016 and is set to grow at a CAGR of 29% through 2024. [4]
  • Hardware still accounts for 30% of the total value of IoT technology, although trends suggest its global market value is decreasing. [5]
  • With the IoT market size rapidly expanding amid an increasing need for real time data monitoring, the IoT healthcare industry is expected to grow at a CAGR of 19.9% over the next five years. [5]
  • IoT and traceability for food and beverage manufacturing market was valued at$4.08 billionin market revenue in 2017 and is expected to reach $8.43 billion by 2025, growing at a compound annual growth rate of 9.5%”. [6]
  • $1 trillion is expected to be spent on the Internet of Things technology worldwide.2024 Asia Pacific is expected to be the leader for spending market share with 35% rate. [0]
  • North America is expected 27% and EMA is expected 25% of spending market share after Asia Pacific. [0]
  • 2027 The market size of IoT is estimated to expand to over $2 trillion. [0]
  • market is estimated to have $7 billion U.S. by 2025 with smart farming concept. [0]
  • The penetration of IOT semiconductor components is estimated to have a market size of 12% by 2025 in the industry. [0]
  • Back in 2018, the Asia Pacific region had the largest regional market share with 37%. [7]
  • North America was the largest market for IoT in healthcare, with a revenue share of 37% as of the end of 2019. [8]
  • The “Smart agriculture” or “smart farming” market is predicted to be worth $22 billion by 2025 as farmers worldwide seek to utilize RFID, GPS, drones, sensors, and more to gather actionable data and to automate every part of the process. [8]
  • The global agriculture sensor market size was valued at $1.34 billion in 2020 and is expected to expand at a CAGR of 13.6% from 2021 to 2028. [8]
  • Amazon Web Services dominates the IoT market, with 40 percent of IoT developers utilizing. [8]
  • The estimated value of the IoT market for 2020 was742 billion U.S. dollars.Compare this to 2017, when the IoT market was valued at100 billion U.S. [1]
  • The IoT device market is on the rise and is poised to reach $1.4 trillion by 2027, according to Fortune Business Insights. [9]
  • Zion Market Research data indicates that the global IoT healthcare market value will reach $14 billion by 2024 — this is a CAGR of 12.2% between 2017 and 2024. [9]
  • Zion Market Research also estimates that the global IoT medical devices market is going to have a CAGR of 15.27% between 2019 and 2025. [9]
  • In addition, Gartner IoT survey reveals that 35 % of respondents handling IoT data plan to sell it and that the IoT data market will definitely grow in the future. [10]
  • The ICT market will grow at a compounded annual growth rate between 7% and 15%. [10]
  • When talking about IoT infrastructure market statistics, it’s worth noting that software infrastructure and applications will be 37% of overall IoT spending by 2020. [10]
  • Forbes’ IoT statistics and forecast report suggests that the IoT consumer market in North America will achieve a compounded annual growth rate of 12.25%. [10]
  • In fact, according to Awe.some’s IoT healthcare devices statistics, the market has hit a record at $33.5 billion this year alone. [10]
  • In addition, education IoT statistics also show that the market is expected to grow at a CAGR of 18.8% through 2024. [10]
  • The market size of industrial IoT is estimated to have reached about $77.3 billion in 2020. [11]
  • The IoT market is anticipated to grow to $1,854.76 billion by 2028, a CAGR of 25.4% from 2021 28,according to Fortune Business Insights. [2]
  • The IoT healthcare market is forecast to grow from $60.83 billion in 2019 to $260.75 billion by 2027, at a compound annual growth rate of 19.8%. [2]
  • The healthcare market for IoT is anticipated to reach $534.3 billion by 2025,according to Grand View Research. [2]
  • The global IoT market for agriculture is expected to reach $30.8 billion in 2028, a CAGR of 10.6% over the forecast period, according to areport by Reports and Data. [2]
  • The global industrial IoT market is expected to reach approximately USD 751.3 billion by 2024, registering a CAGR of 23.88% during the forecast period. [12]
  • According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology. [12]
  • With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. [12]
  • In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2024. [12]
  • However, the wireless security market is growing with a higher CAGR of 26.12% due to increasing demand of advanced wireless solutions such as Wi Fi, ZigBee, Bluetooth among others which rapidly boosts the industrial IoT market. [12]
  • Whereas, the software segment is projected to be the leading market in the future, registering a 25.65% CAGR during the forecast period. [12]
  • Whereas, the hybrid cloud segment is projected to be the leading market in the future, registering a 26.26% CAGR during the forecast period. [12]
  • By end user, the manufacturing segment led the market by generating a highest revenue of USD 50.6 billion in 2017 and is expected to register the highest CAGR of 27.94% during the forecast period. [12]
  • It is also the fastest growing market, accounting for 38.63% of the overall market share. [12]
  • By 2026—Experts estimate that the IoT device market will reach $1.1 trillion IoT adoption predictions for 2020 93% of enterprises will adopt IoT technology. [13]
  • But if we narrow it down to the US market, 90% of new vehicles will be internet. [14]
  • Forecasting tells us that connected cars’ market share will account for 39% of the entire 5G IoT endpoint market by 2024. [14]
  • One year later, we have the opposite situation, with licensed LPWA leading with a 54% market share over an unlicensed LPWA share of 46%. [14]
  • Compared to other markets worldwide, the North American market will grow the most, encompassing 63% of mobile subscriptions. [14]

Industrial IoT Software Statistics

  • 29% of developers favor Microsoft’s Azure IoT Suite for enabling connected devices in their software projects. [4]
  • When talking about IoT infrastructure market statistics, it’s worth noting that software infrastructure and applications will be 37% of overall IoT spending by 2020. [10]
  • Meanwhile, software solutions will be the fastestgrowing technology category with a five year CAGR of 13.5% and a focus on application and analytics software purchases. [11]
  • However, the software segment is growing with a fastest CAGR of 25.65% during the forecast due to the need of industrial process management and obtaining business insights by processing huge data volumes. [12]
  • Whereas, the software segment is projected to be the leading market in the future, registering a 25.65% CAGR during the forecast period. [12]

Industrial IoT Adoption Statistics

  • Other major barriers to adoption include cost (50%), maintenance (44%), and integration of legacy technology (43%). [4]
  • Widespread adoption of predictive maintenance technologies could reduce companies’ maintenance costs by 20%, reduce unplanned outages by 50% and extend machinery life by years according to management consulting firm McKinsey & Company. [6]
  • Research byAccenturereveals that 44% of operations sight poor information and communications infrastructure, and poor access to required capital.42% said a lack of government support is preventing them from adoption. [6]
  • According to the USDA, guidance systems had the highest rate of adoption across the agriculture industry, and in 2019, were used on between 45 and 65 percent or more of planted crop acres. [8]
  • By 2026—Experts estimate that the IoT device market will reach $1.1 trillion IoT adoption predictions for 2020 93% of enterprises will adopt IoT technology. [13]
  • While the region with the highest adoption throughout the forecast period is North America, followed by Western Europe, the fastest growth is going to occur in Middle East and Africa at 4 percent CAGR from 2018 to 2024. [3]
  • By 2024, North America with 37 percent and Western Europe with 28 percent share will be the two regions with highest LPWA adoption. [3]

Industrial IoT Latest Statistics

  • By 2024, 100% of the global population is expected to have LPWAN coverage. [4]
  • The main revenue driver for 54% of enterprise IoT projects is cost savings. [4]
  • 97% of organizations feel there are challenges to creating value from IoT. [4]
  • There will be a 21% increase in the number of endpoints in 2020 compared to 2019’s figures. [4]
  • Utility IoT use increased by 17% in 2020. [4]
  • According to the Internet of Things stats for 2020 predictions, utility endpoints will increase by 200 million from the year before. [4]
  • Predictions show that by 2021, spending on security measures will increase by 28% compared to 2018. [4]
  • Building automation grew by 42% in 2020. [4]
  • According to the Internet of things growth statistics, the industry will see 130 million more IoT endpoints compared to 2019 figures. [4]
  • According to smart device statistics, the global figures will have grown by 780 million from 2016’s 325 million. [4]
  • According to IoT stats 2020, the closest competitor is Samsung with 10%. [4]
  • According to the Internet of things data for 2021, the technology for this transformation is already available. [4]
  • Gartner’s statistics predicted 25 billion IoT devices by the end of 2021. [4]
  • We have also seen very high numbers cited in some other studies. [4]
  • Consumer electronics accounted for 63% of all installed IoT units in 2020. [4]
  • That will be at a compound annual growth rate of 26.9%. [4]
  • Business investment accounted for more than 50% of the overall IoT spending in 2020. [4]
  • In 2017, only 20% of the world population was covered by this type of network. [4]
  • This includes a CAGR of 7.3% through 2020. [4]
  • Of the 1600 actual enterprise IoT projects in progress, the highest were in the segments of Smart City (23%), Connected Industry (17%), and Connected Building (12%). [4]
  • Only 35% of IoT projects are used to increase revenue. [4]
  • 24% of projects also increase overall safety. [4]
  • The top goal of enterprise IoT deployment varies by country; 23% of Chinese companies use it to increase competitiveness. [4]
  • 58% of manufacturers say IoT is required to digitally transform industrial operations. [4]
  • Sectorwise break up of manufacturing shows that the reliance on IIoT applications is the highest in power and energy (64%), aviation and aerospace (62%), and utilities (58%). [4]
  • More than 80% of senior executives across industries, on average, say IoT is critical to some or all lines of their business. [4]
  • Internet of things statistics show that 28% execs, on average, plan to invest in IoT security in the next 12 months. [4]
  • The variation is much wider (33% to 54%). [4]
  • According to a worldwide survey of IT and business decision makers, only 29% of executives expected that their IoT strategies would result in business efficiency improvements. [4]
  • Actual results showed that 46% experienced gains in efficiency. [4]
  • Similarly, while only 16% of the business leaders projected a large increase in profits because of their IoT investment, 32% ended up with IoT. [4]
  • 93% of enterprises are believed to have adopted IoT technology. [4]
  • A booming 77% of executives in the sector believe IoT technology will allow them to transform offices into a smart workplace. [4]
  • 59% of them use IoT for monitoring and maintenance, while 55% use it for location. [4]
  • 80% of industrial manufacturing companies have adopted IoT in some way in 2020. [4]
  • The Internet of Medical Things sector is estimated to reach $158 billion by 2024. [4]
  • For comparison, a 2020 forecast showed the growth would be at $14.5 billion, with a Compound Annual Growth Rate of 19.6%. [4]
  • IoT statistics showed that over 78% of government professionals reported that the implementation of machine learning technologies is either underway or completed. [4]
  • According to the same study, more than 70% of public sector agencies evaluate the potential of emerging technologies, but only about 25% are moving beyond the pilot phase to full implementation. [4]
  • In terms of average implementation percentage of high potential use cases by industries, telecom is the leader at 36%. [4]
  • Other leading sectors are industrial manufacturing (33%; production asset maintenance, manufacturing intelligence, and product quality optimization) and consumer products (27%; manufacturing intelligence and monitoring shipment conditions). [4]
  • This is followed by the UK (41%) and Germany (35%). [4]
  • According to an estimate, over twothirds of the IoT startups funded in the 2012 2017 period were based in the US. [4]
  • Amazon AWS IoT (19%), and Cisco IoT Services (13%). [4]
  • AWS was more popular with respondents from smaller organizations (28% versus 9%). [4]
  • Googe’s Cloud IoT is being adopted more by employees in larger companies (37% vs. 15%). [4]
  • While over 98% of business leaders have an understanding of the internet of things, stats show that many are unclear of the exact definition of the term. [4]
  • Worldwide IoT security spending will increase from $912 million in 2016, soaring to $3.1 billion in 2021, attaining a 27.87% CAGR in the forecast period. [4]
  • Even though 98% of organizations using IoT are extracting a mass of data from their processes, making sense of this data remains a hurdle. [4]
  • Well over a third (39%). [4]
  • McKinsey & Company) Software infrastructure and applications accounted for 38% of overall IoT spending in 2020, with Solutions Services a close second with 30% of global spending. [4]
  • Hardware ranks third with about 20% of the overall spend, followed by Security and Connectivity. [4]
  • There were 220 million connected cars on the road in 2020, and 90% of all new cars by 2040 are expected to be connected through IoT. [4]
  • This number equates to a 422% increase in output from 2019. [4]
  • According to IoT stats for 2021, there are 31 billion IoT devices in the world. [4]
  • According to the Internet of things hacking statistics, hacking increased by 54% in 2019. [4]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [15]
  • The estimated value for 2020 is $742 billion. [5]
  • However, the growth of IoT statistics show that CAGR fell to 8.2% in 2020 an almost twice lower increase than the forecasted 14.9% at the end of 2019. [5]
  • Things are expected to return to normal in 2021, with a CAGR of 11.3% during the 2020. [5]
  • According to current statistics on IoT devices, the number will surpass 3.5 billion by 2024, with Asia leading the charge. [5]
  • The numbers will reach 73.1 ZB by 2025, which equals 422% of the 2019 output, when 17.3 ZB of data was produced. [5]
  • 86% of healthcare organizations were using IoT technology in some way in 2019. [5]
  • According to the most recent IoT healthcare devices statistics, the CAGR of IoT in the healthcare industry is estimated to be 28.6% during 2021. [5]
  • There was a 45% decrease in patient falls, a 60% reduction in bedsores, and an 80% decrease in code blue events. [5]
  • From $91 million in 2016, annual global spending on security measures for IoT networks is set to jump to $631 million in 2021, with a CAGR of 21.38%. [5]
  • Due to discontinued support for Windows 7, 56% more devices are more vulnerable to cyberattacks and malware compared to 2018. [5]
  • According to IoT based attacks statistics for 2019, the average IoT device gets attacked just five minutes after it goes live. [5]
  • According to IoT statistics and challenges forecast for this industry, the most successfully used router password among cyber attackers in 2018 was “123456.”. [5]
  • Coming in second place was another perilous choice – no password at all – which accounted for 17% of all IoT attacks. [5]
  • According to Forbes, the number of malware incidents involving IoT devices has grown from 813 million in 2018 to a staggering 2.9 billion already the following year. [5]
  • These IoT statistics involving 1,600 consumers across eight countries show that 92% of participants want to control the type of automatically collected personal information. [5]
  • At least 58% of companies in the retail sector have a number of active IoT projects. [5]
  • 57% of retailers are already taking steps to increase privacy measures, and 43% are focusing on preventing data breach events. [5]
  • IoT brand statistics show that around 34% of brands hope to see the whole industry implement IoT solutions, which would bring an increase in industry growth over the next decade. [5]
  • However, 41% chose not to increase IoT related spending during 2020. [5]
  • Frontier Economic’s IoT forecast predicts that over the next 30 years, IoT technology will result in a 10% increase in the United States’ GDP. [5]
  • If we choose to be optimistic about these metrics, we’ll see that around 40% of the technology’s global value will be accrued in the developing economies. [5]
  • The US is leading the way in deploying full scale IoT operations, with 44% of companies now adopting the technology. [5]
  • The US is followed by the UK, with 41% of companies having deployed IoT technology, and Germany, with 35%. [5]
  • According to Vernon Turner, vice president of IDC, there will be more than 80 billion devices connected to the internet by 2025. [5]
  • IoT statistics show that the growth is expected at a CAGR of 26.2%. [5]
  • Around 41% of users wouldn’t mind their health data being used to help research the link between heart conditions and exercise. [5]
  • However, if a brief look at IoT devices statistics shows us that only 0.06% of devices that could be connected to the internet currently are. [5]
  • IoT forecasts show that 67% of these devices will be found in China, North America, and Western Europe. [5]
  • According to Statista, 2021 will see 10.07 billion IoT. [5]
  • It’s estimated that the number of active IoT devices will surpass 25.4 billion in 2030. [5]
  • The last available data show that the price shrank an additional 37% to $0.38 in 2020. [5]
  • Global spending on IIoT platforms for manufacturing is predicted to grow from $1.67B in 2018 to$12.44B in 2024, attaining a 40% compound annual growth rate in seven years. [6]
  • A Deloitte Industry 4.0 survey of 361 executives across 11 countries shows that 94%reportdigital transformation as their organization’s top strategic initiative. [6]
  • ITIF researchreports, IoT applications for monitoring machine utilization can increase manufacturing productivity by 10 to 25% and produce up to $1.8 trillion in global economic value by 2025. [6]
  • According toIDC research, by 2025, the improvements in operations driven by IoT applications could be worth more than $470 billion per year. [6]
  • By 2020, 80% of supply chain interactions are expected to happen across cloud. [6]
  • The same source states that the transition towards smart, IoT enabled supply chain management solutions is predicted to drive supply chain productivity by 15% and increase cost efficiency by 10%. [6]
  • A Gartner study indicates that80% of surveyedorganizations that have adopted IoT are achieving “betterthan. [6]
  • 30% of manufacturers surveyed believe that the IIoT will help them better understand machine health in their factories. [6]
  • IBM reports that using IIoT insights for manufacturing process optimization can lead up to20% higher product countfrom the same production line. [6]
  • According toThe German wing of PwC91% of surveyed respondents are investing in digital factories but only 6% consider their factories to be fully digitized. [6]
  • Lack of qualified employees – Inmarsat found that72% of businesseshave a shortage of people at the management level with experience in IoT.Another. [6]
  • 80% report a lack of skills among employees in IoT deployment. [6]
  • The GlobalIoT Sensor Marketis expected to exceed more than US$ 68 Billion by 2024 at a CAGR of 40% in the given forecast period. [6]
  • 2024 A big increase is estimated, 15 billion, in M2M connections. [0]
  • The connected home applications is expected to be 48% the total M2M connections.2025 Data collected from IoT devices is expected to be 73 ZB. [0]
  • Most of data may obtain from security and video surveillance, industrial IoT applications2025 75% of 56 B connected devices worldwide are anticipated to be connected to an IoT platform.2025. [0]
  • The number of IoT devices are estimated to be 75 billion. [0]
  • Healthcare (15%) insurance (12%) and education (12%). [0]
  • 70% of global smart city spending by 2030 is expected to come from US, Western Europe, and China. [0]
  • 61% of organizations assess themselves to have a high level of IoT maturity as of 2019. [0]
  • After the Covid – 19 outbreak, 47% of organizations are making plans for new investments in the Internet of Things and 35% of organizations have already reduced their investments. [0]
  • The investments in IoT are expected to grow 14% annually through 2024. [0]
  • Manufacturing companies are expected to build 40% more smart factories in next 5 years and expand the investments by almost 2 times compared to the last 3 years. [0]
  • Even as of 2018, 22% of the businesses were willing to pay more for IoT devices to decrease security concerns about IoT systems. [0]
  • Privacy74% of consumers think that small privacy invasions may cause a loss of civil rights because of connected things. [0]
  • 92% of them would like to control personal data that is collected automatically. [0]
  • Over 10% of VC funding is IoT. [7]
  • According to the latest available data, there are approximately 7.74 billion connected IoT devices. [7]
  • In fact, by 2030, 75% of all devices are forecast to be IoT. [7]
  • 8 44.7% 2019 10 10 50% 2020 9.9. [7]
  • * 11.7* 54.2%* 2021 10* 13.8. [7]
  • * 58%* 2024 10.1* 16.4* 61.9%* 2024 10.2. [7]
  • * 66%* 2024 10.2* 24.4* 70.5%* 2025 10.3. [7]
  • IoT Devices as a Percentage of Total Devices 2010 8 0.8 9% 2011 8.7. [7]
  • 44.7% 2019 10 50% 2020 9.9. [7]
  • And in 2024, global IoT spending is predicted to hit $1 trillion. [7]
  • This was followed by North America (29%) and EMEA (23%). [7]
  • Japan (9%) and Latin America (9%). [7]
  • It is predicted that by 2024, only one of these regions will have increased/decreased its share by more than 2%. [7]
  • Spending Share Difference Asia Pacific 37% 35% ↓ 2% North America 29% 27% ↓ 2% EMEA 23% 25% ↑. [7]
  • 2% Japan 9% 9% Latin America 9% 3% ↓ 6%. [7]
  • Smart Home Category Projected 2024 Spending Percentage of Total Spending Video Entertainment $192.1 billion 64.6% Smart Speaker $27.8 billion 9.3%. [7]
  • Home Monitoring/Security $16.5 billion 5.5% Thermostat $8.3 billion 2.8% Lighting. [7]
  • $4.6 billion 1.5% Others $48.2 billion 16.3%. [7]
  • Consumer spending on smart homerelated devices worldwide increased by at least 12% yearover year between 2015 and 2019. [7]
  • Unsurprisingly, during the height of the pandemic in 2020, smart home consumer spending dipped 9.47%. [7]
  • $51 billion 2016 $61 billion ↑ 19.61% 2017. [7]
  • $83 billion ↑ 12.16% 2019 $95 billion ↑ 14.46% 2020. [7]
  • The following year saw a sharp increase in vs funding, rising 42% to $1.46 billion. [7]
  • In the first half of 2021, the IoT space was responsible for 11.1% of all VC deals. [7]
  • That figure represents an increase of 1.2% over JanuaryJune 2020 and a further 2.8% over July December of the same year. [7]
  • A 2021 survey on the future of IoT innovations classed sensor processing as the most important area of focus with 48% of the vote. [7]
  • Computer vision received 38% of respondent votes, while voice recognition was the other major suggestion with 13%. [7]
  • Survey Response Percentage of Respondents Attacks on IoT devices that may impact critical operations 33%. [7]
  • Lack of skilled personnel to implement IoT security 32%. [7]
  • Protecting sensitive generated by an IoT device 31% Identifying or discovering sensitive data generated by an IoT device 27% Loss or theft of IoT devices 27%. [7]
  • Lack of security frameworks and controls within the IoT environment 26%. [7]
  • Privacy violations related to data generated by an IoT device 26%. [7]
  • Lack of effective access controls/device authentication 26%. [7]
  • Lack of industry standards for security IoT devices 25%. [7]
  • In total, 81% of respondents believe that IoT can be used to create smart cities, improve traffic management, digital signage, waste management, and more. [7]
  • Other popular responses included Utilities 62% Industrial or manufacturing. [7]
  • Agriculture 49% Connected cars. [7]
  • According to Cisco, that point was reached around 2008. [8]
  • According to GSMA Intelligence, there will be over 25 billion IoT connections by 2025. [8]
  • It is predicted that there will be 41 billion IoT devices by 2027. [8]
  • Smart home devices are and will continue to be a major component of IoT. Over 800 million smart home devices were shipped in 2020, an increase of 4.5% over 2019. [8]
  • Shipments are predicted to exceed 1.4 billion by 2025. [8]
  • In 2021, around 41.9% of US households owned a smart home device, predicted to increase to 48.4% by 2025. [8]
  • Over onefifth of all publicly announced IoT projects involve IoT driven “smart cities” of some kind, with most of these “smart cities” announced in North America. [8]
  • In 2020, 18% of IoT solution providers and enterprise users said that 18% of IoT projects were not successful at all, while 40% stated they were mostly unsuccessful. [8]
  • An estimated 646 million IoT devices were used in hospitals, clinics, and medical offices in 2020. [8]
  • 80 percent of healthcare business executives see increased innovation as the biggest advantage of IoT implementation. [8]
  • 73 percent pointed to cost savings, while 76 percent pointed to “visibility across the organization” as key advantages. [8]
  • The most common healthcare IoT devices include patient monitors , energy meters , and imaging devices. [8]
  • Over 70 percent of healthcare organizations that use IoT devices utilize them for monitoring and maintenance. [8]
  • 50 percent of healthcare IoT is used for remote operation and control, and 47 percent connect their devices to location. [8]
  • According to a 2021 study from Medigate and CrowdStrike, 82 percent of healthcare organizations that use IoT devices have suffered a security breach of their IoT devices in the past 18 months, with 34% of respondents saying the attack involved ransomware. [8]
  • The most common security threats to IoT are malware , human error and DDoS attacks. [8]
  • The health industry is responsible for 6 percent of global IoT projects, with 55 percent of those occurring in the Americas. [8]
  • According to Scand, IoT devices can save healthcare companies a combined $100 billion per year by reducing inefficiencies. [8]
  • In Germany, 91 percent of industrial/manufacturing businesses invest in “digital factories” that include IoT solutions. [8]
  • Companies expect IoT and other digital technologies to improve efficiency by 12 percent. [8]
  • That region currently uses over 60 percent of all worldwide industrial robot units, versus just around 20 percent in Europe, and around 13 percent in the Americas. [8]
  • Only 32 percent of data analytics professionals in the industrial industry state. [8]
  • Manufacturing IoT grew 84 percent between 2016 and 2017, by far the highest of any industry. [8]
  • Over 40 percent of commercial drones are used for industrial inspection. [8]
  • poured$237.59 billioninto IoT in 2021 at a compound annual growth rate of 8%. [8]
  • 95 percent of construction business operators believe emerging technologies will fundamentally change their industry. [8]
  • A further 74 percent believe a technology disruption will change their industry within the next 5 years. [8]
  • More than half have already developed a technology/data road map or business strategy. [8]
  • However, only 5 percent see themselves as on the “cutting edge” of construction technology implementation. [8]
  • Most see themselves as followers or even behind the curve. [8]
  • In 2021, 81% of construction companies said they were planning to introduce robotic automation into their operations during the coming decade, partly in response to a growing skills crisis being experienced by 91% of them. [8]
  • Industrial IoT makes up 17 percent of all global IoT projects. [8]
  • Precision agriculture—a form of agriculture that uses technology to make every aspect of the agriculture process as streamlined and efficient as possible— was valued at 6 billion in 2020 and is expected to expand at a CAGR of 13.1% from 2021 to 2028. [8]
  • Farmers are also using GPS for soil mapping and variable rate technologies at a rate of around 20 percent per planted acre. [8]
  • Most guidance systems are used for corn, with almost 70 percent of this crop planted and grown using this technology. [8]
  • Around 35 percent of planted corn in the US is monitored with yield mapping technology, which uses GPS to map crop yields and moisture levels. [8]
  • Automated guidance and steering systems are extremely popular for many planted crops, with over 50 percent of rice acres being planted, fertilized and harvested in the US using this technology. [8]
  • According to IoT Analytics, Smart Agriculture accounts for just 4 percent of all global IoT projects, with nearly 40 percent of those Smart Ag. [8]
  • As of 2019, 25 percent of rural farms in the US lacked internet connectivity, making most farming IoT solutions difficult to implement. [8]
  • Over 60 percent of organizations currently use IoT, with only 9 percent that have no IoT implementations at all. [8]
  • IoT developers are primarily concerned with security , while connectivity and data collection and analytics take the next two spots. [8]
  • Most IoT developers are working on developing smart agriculture systems , and industrial automation (26%). [8]
  • However, home automation is losing favor, accounting for just 19% of projects. [8]
  • Linux is by the top Edge/Gateway operating system for IoT, comprising 43 percent of all gateways and edge nodes. [8]
  • However, last year, it accounted for over 70%, indicating that developers are open to alternatives like FreeRTOS. [8]
  • A further 31 percent use Microsoft Azure, while 26 percent use Google Cloud Platform. [8]
  • Most IoT developers use Eclipse Desktop IDE , while 35 percent use Visual Studio Code. [8]
  • The top two connectivity protocols used by IoT devices are Wifi and Ethernet. [8]
  • Bluetooth and the various cellular protocols are tied in third place, with 37% each. [8]
  • It is estimated that, as of 2021, there are more than10 billion active IoT devices.However, according to some reports, there are. [1]
  • 7.7% of IoT devicesare used in security.It is expected that spending on IoT security measures will reach631 million U.S. dollarsin 2021, with a CAGR of 21.38%.In 2018, IoT devices globally experienced813 million malware incidents. [1]
  • Compromising just one router gives hackers access any unsecure device that uses it.Only48% of businessescan detect if any of their IoT devices have suffered a breach. [1]
  • 40.2% of IoT devicesare used in business and manufacturing.The. [1]
  • 8.3% of IoT devicesare used in retail.The. [1]
  • This compound annual growth rate of 10.53%, which is estimated to occur between 2021 and 2026, is lower than previous estimates due to the impact of COVID 19 on IoT investments and deployments globally. [9]
  • During the forecast period, that equates to a CAGR of 24.9%. [9]
  • 4 — 83 Billion Connections Estimated by 2024 Juniper Research reports that the “total number of IoT connections” will likely reach 83 billion by 2024. [9]
  • This is according to their IoT ~ The Internet of Transformation 2020 whitepaper. [9]
  • — 45% of Cellular IoT Connections Will Be NBIoT and CAT. [9]
  • — OpenSource Part of IoT Deployments for 60% of Survey Respondents Data from the first annual IoT Commercial Adoption survey by the Eclipse Foundation shows that almost two thirds of companies plan to make open source part of their IoT deployment plans. [9]
  • 7 — IoT Device Generated Data Predicted to Reach 73.1 ZB by 2025. [9]
  • And in case you didn’t know, a zettabyte is the equivalent of 1,000,000,000,000,000,000,000 bytes, according to Technopedia. [9]
  • IoT Signals report indicates that oneinthree decision makers plan to up their IoT investments while 41% say their existing investments will remain the same. [9]
  • — Just Under 40% of Companies Are Deploying IoT. [9]
  • 10 — 58% of financial executives report having well. [9]
  • The data shows that “close to six in 10 executivesin the financial services sector, 58%, report having well. [9]
  • The financial services industry is followed closely by thehealthcare industry with 55% of survey respondents reporting having “fairlyrobust deployments in place.”. [9]
  • 92% of EMEA CXOs Believe IoT to Have the Greatest Impact on Their Organizationsn. [9]
  • is a top strategic objective 94% of executives. [9]
  • This is compared to 45% and 72% of American and APAC CXOs, respectively. [9]
  • 12 — 72% View IoT as Having Biggest Organizational Impact. [9]
  • This is followed by AI (68%) and cloud infrastructure (64%). [9]
  • Gartner reports that almost two thirds of enterprises — 63% — expect to achieve financial payback within three years of their Internet of Things projects. [9]
  • 15 — 93% of Executives View IoT as More Beneficial Than Risky. [9]
  • Let’s do the math When you multiply 152,200 by 525,600 , the total is staggering. [9]
  • 17 — Fewer than 42% of Organizations Can Identify Insecure IoT Devices. [9]
  • And to make matters worse, when they do identify those devices, only 14% step up to replace them immediately. [9]
  • That’s the average amount of time that it takes for an IoT device to be attacked once connected to the Internet, according to NETSCOUT’s Threat Intelligence Report from the second half of 2018. [9]
  • Nearly 90% of Risk Pros Think IoT Leaves Them at Risk of Cyber Attacks. [9]
  • The Ponemon Institute and Shared Assessments survey indicates that ninein 10 surveyed risk professionals believe that cyber attacks and data breaches of their organizations are likely within the next two years due to unsecure IoT and applications. [9]
  • SonicWall reports that IoT malware attacks jumped 215.7% to 32.7 million in 2018. [9]
  • In 2019, the attacks continued but showed a more moderate increase of “just” 5% in IoT malware, according to their 2020 SonicWall Cyber Threat Report. [9]
  • reports in their 2020 Unit 42 IoT Threat Report that “83% of medical imaging devices are running on unsupported operating systems.”. [9]
  • 23 — 98% of IoT Traffic Isn’t Encrypted. [9]
  • Palo Alto Networks also shares in that same 2020 Unit 42 IoT Threat Report that “98% of all IoT device traffic is unencrypted, exposing personal and confidential data on the network.”. [9]
  • 25 — 74% of Global Consumers Worry About Losing Their Civil Rights Data from the EIU survey suggests that the majority of surveyed consumers are concerned that “small privacy invasions may eventually lead to a loss of civil rights.”. [9]
  • 63% of Consumers Find Connected Devices “Creepy” Concerning Data Collection. [9]
  • Furthermore, only 55% require remediation of any identified third. [9]
  • Even now, IoT data monetization statistics from Cisco, boldly claim that less than 1% of unstructured data is analyzed or used at all. [10]
  • Around 40.2% of overall IoT connected devices will be employed in factories, where real time analytics will enable a more efficient manufacturing process. [10]
  • Smart speakers, the most popular iot devices, have already found their way in 31% of US households as of 2019. [10]
  • In fact, through data monitoring, IoT can greatly reduce costs, and increase profits by about 10%. [10]
  • In fact, Ericsson’s study adds that the number of mobile IoT connections is growing at a rate of 30% annually. [10]
  • Smart cities is followed by the connected industry at 17%, and connected building at 12% of projects. [10]
  • It’s interesting to note that 45% of smart city projects are located in Europe. [10]
  • It’s also worth mentioning that spending on transportation related IoT applications is predicted to increase from $75 billion in 2017 to $140 billion in 2024, thus achieving a compounded annual growth rate of 10.9% CAGR. [10]
  • Industrial Internet will attain a CAGR of 7.3%, and with a high growth rate like that, this may be the best time for Internet of Things investment opportunities. [10]
  • In addition, Forbes’ IoT company statistics reveal that 58% of surveyed manufacturers say that industrial IoT is essential for attaining greater digital transformation. [10]
  • when it comes to the impact IoT on their industry 94% of them the IoT growth will also bring an overall growth of their industry. [10]
  • However, only 30% of respondents from the aviation and aerospace industry expressed familiarity with the IoT, although aviation and aerospace would definitely benefit from it. [10]
  • When comparing to other industries, employees from aviation/aerospace and manufacturing industries are the most pessimistic, with 4% of employees believing that IoT devices will bring less revenue. [10]
  • However, it’s also important to note that 38% of respondents from manufacturing also believe that IoT will lower operating costs. [10]
  • Moreover, 42% of surveyees from the transportation sector believe that IoT will bring much lower operating costs. [10]
  • The number of Internet of Things devices in domestic use will rise with a compounded annual growth rate of 34.89%. [10]
  • The highest growth is expected for vertical specific sensors and devices from 1.64 billion units in 2017 to 3.17 billion in 2020, with a whopping compounded annual growth rate of 24.57% in just three years. [10]
  • According to statistics on IoT technology use from Forbes, Azure IoT Suite is followed by Google Cloud IT (24%), and Amazon AWS IoT (19%). [10]
  • It’s worth noting that AWS was more popular in smaller organizations (28% in smaller companies versus 9% in bigger companies). [10]
  • In addition, Google’s Cloud IoT is more likely to be adopted by employees in larger companies (37% vs. 15%). [10]
  • In addition, 25% of cities that are not involved in an IoT project plan to do so in the near future. [10]
  • In addition, there are already 26 billion IoT devices that are used in the healthcare industry, and it’s estimated that that number will rise to 75 billion by the end of 2025. [10]
  • Iot security statistics state that 84% of companies that have adopted IoT have reported some kind of security breach. [10]
  • Around 60% of them get stalled at the proof of concept stage, while only 26% of companies are satisfied with the effect IoT has had on their business. [10]
  • Reports vary, but according to Gartner’s IoT penetration statistics, there will be around 25 billion IoT devices in the entire world. [10]
  • Approximately 5.4 billion or 60% of all connected IoT devices in 2020 were from the consumer segment. [11]
  • 50% of IoT platforms focus on industrial and manufacturing industries. [11]
  • As of 2020, 29% of organizations in North America and Europe have already adopted IoT. [11]
  • Meanwhile, 20% were planning to start using IoT devices within the following year. [11]
  • Worldwide spending on IoT is estimated to reach $742 billion by the end of 2020. [11]
  • Growing at a CAGR of 8.2%, IoT spending may reach $1.1 trillion by 2024. [11]
  • The healthcare, insurance, and education sectors were expected to deliver the strongest industry gains in IoT spending with growth rates of 14.5%, 12.3%, and 11.9%, respectively. [11]
  • Meanwhile, consumer spending on IoT solutions was forecast to grow 13.9% year over year in 2020. [11]
  • Hardware spending is dominated by module/sensor purchases (28.6%). [11]
  • Meanwhile, wide area IoT devices amounted to 1.9 million in 2020 and are predicted to reach 6.3 million by 2026. [11]
  • Consequently, over the period between 2020 to 2024, the worldwide wearable band and TWS earbud categories will see an increase in shipments from 436.5 million units in 2020 to an estimated 760.4 million units in 2024. [11]
  • In 2020, 74% of US smart speaker users owned Amazon Echo. [11]
  • Furthermore, 39.8% of smart speaker users in the US use it to listen to their music streaming service on a daily basis. [11]
  • Meanwhile, 29.4% ask their smart assistant a question every day while 33.9% use it to check the weather. [11]
  • According to Cisco, 500 billion devices are expected to be connected to the internet by 2030. [2]
  • More than 25% of all cyberattacks against businesses will involve IoT,reports Gartner. [2]
  • Endpoint security is expected to reach more than $19 billion in 2025,according to Statista. [2]
  • According to CompTIA, 63% of companies say IT security is a critical skill for IoT. [2]
  • According to Statista, smart homes are forecast to grow to 350 million by 2024. [2]
  • There were 258.54 million smart homes in 2021, which accounted for 12.2% of all homes. [2]
  • It’s estimated that there will be more than 400 million houses with smart home devices and systems by 2025. [2]
  • There were 8.74 billion IoT devices in 2020, according to Statista. [2]
  • However, the hybrid segment is growing with a fastest CAGR of 26.26% during the forecast period, as it delivers combined feature of oncloud as well as on premise deployment with additional data or information security capabilities. [12]
  • The manufacturing segment is expected to show significant growth with a fastest CAGR of 27.94% during the forecast period as it is the largest consumer of industrial IoT solutions. [12]
  • Whereas, the wireless connectivity segment is expected to register the highest CAGR of 26.12% in the forecast period. [12]
  • 80% of industrial manufacturing companies will adopt IoT technology. [13]
  • 90% of cars will be connected to the web through IoT technology. [13]
  • The case for committing to greener telecom networks – Operators’ energy costs keep rising, but efficiency measures and organizational change can lower them by 15 to 20 percent in a… year, benefiting company profits and the environment. [16]
  • Consumerspending on smart home related devicesworldwide is predicted to reach$88 billion by 2025. [14]
  • Thenumber of IoT connected devicesworldwide is estimated to reach30.9 billionunits by 2025. [14]
  • According to forecasts, this spending will exceed $170 billion by 2025. [14]
  • According to current projections, this revenue will grow up to $203.1 billion by 2030. [14]
  • But, did you know that by 2024, 70% of light duty vehicles and trucks will be online?. [14]
  • How many online cars is 70%?. [14]
  • However, the income from IoT sensors worldwide is projected to reach $43 billion by 2025, which is more than 300% growth. [14]
  • That’s more than a 100% increase!. [14]
  • More precisely, it grew 18% yearover. [14]
  • In 2020, the share of connected IoT devices using licensed LPWA was 47%, while the share of online IoT devices using unlicensed LPWA was 53%. [14]
  • The reason for this shift is the exponential growth of NB IoT connections, which grew 75% YoY in 2021. [14]
  • According to Ericsson, 5G will remain the main factor that drives the growth of IoT in the future. [14]
  • This number grew by 26% between 2015 to 2020 to reach 11.3 billion units. [14]
  • The number of devices grew by 9% to reach 12.3 billion units in 2021. [14]
  • In fact, this sector will have the most cellular IoT connections by 2025, accounting for a 25% share of total cellular IoT connections globally. [14]
  • 50% of the organizations in these regions use IT automation technology, while 12% report that they plan to use it within the next 12 months. [14]
  • According to respondents, right behind IT automation technology, we have Gigabit Wi Fi networking as the second most popular IT trend with IT companies in 2021. [14]
  • In 2021 it grew by 9% and reached 12.3 billion active endpoints. [14]
  • The current shortage is so pervasive that, of 3,000+ analyzed public companies, 11% mentioned “chip shortage” in their conference calls in the second quarter of 2021. [14]
  • According to NETSCOUT, it takes approximately 5 minutes for an average IoT device to be attacked by hackers. [14]
  • Unfortunately, the prediction proved 100% true. [14]
  • According to Symantec, 75% of cyberattacks are carried out through infected routers. [14]
  • Right behind infected routers, connected cameras are a source of 15% of cyberattacks. [14]
  • In fact, 74% of global consumers see IoT as the number one threat to their civil rights. [14]
  • According to an Economic Intelligence Unit survey, 92% of 1,600 consumers across eight countries claimed that they want to have control over what personal information is automatically collected. [14]
  • There will be 5.3 billion total Internet users by 2024, up from 3.9 billion in 2018. [3]
  • The share of MachineTo Machine connections will grow from 33 percent in 2018 to 50 percent by 2024. [3]
  • Globally, consumer segment’s share of total devices and connections will be 74 percent, with the business segment claiming the remaining 26 percent. [3]
  • Connected home applications will have nearly half or 48 percent of M2M share by 2024 and Connected car applications will grow the fastest at 30 percent CAGR over the forecast period. [3]
  • Mobility growth Over 70 percent of the global population will have mobile connectivity by 2024. [3]
  • The total number of global mobile subscribers will grow from 5.1 billion in 2018 to 5.7 billion by 2024. [3]
  • 5G devices and connections will be over 10 percent of global mobile devices and connections by 2024. [3]
  • The mobile M2M category is projected to grow at a 30 percent CAGR from 2018 to 2024. [3]
  • Smartphones will grow at a 7 percent CAGR within the same period. [3]
  • Globally, the top 1 percent of mobile users generated 5 percent of mobile data in 2019. [3]
  • Back in 2010, the top 1 percent of mobile users generated 52 percent of mobile data. [3]
  • WiFi6 hotspots will grow 13fold from 2020 to 2024 and will be 11 percent of all public Wi Fi hotspots by 2024. [3]
  • Globally, there was a 776% growth in attacks between 100 Gbps and 400 Gbps Y/Y from 2018 to 2019, and the total number of DDoS attacks will double from 7.9 million in 2018 to 15.4 million by 2024. [3]
  • By 2024, APAC will have 3.1 billion Internet users , up from 2.1 billion in 2018. [3]
  • ◦ By 2024, APAC will have 3.1 billion mobile users , up from 2.7 billion in 2018. [3]
  • By 2024, APAC will have 49 percent of all networked devices mobileconnected and 51 percent will be wired or connected over Wi. [3]
  • By 2024, CEE will have 388 million Internet users , up from 323 million in 2018. [3]
  • By 2024, CEE will have 404 million mobile users , up from 394 million in 2018. [3]
  • By 2024, CEE will have 48 percent of all networked devices mobileconnected and 52 percent will be wired or connected over Wi. [3]
  • By 2024, LATAM will have 470 million Internet users , up from 387 million in 2018. [3]
  • By 2024, LATAM will have 520 million mobile users , up from 482 million in 2018. [3]
  • By 2024, LATAM will have 49 percent of all networked devices mobileconnected and 51 percent will be wired or connected over Wi. [3]
  • By 2024, MEA will have 611 million Internet users , up from 381 million in 2018. [3]
  • By 2024, MEA will have 1.0 billion mobile users , up from 827 million in 2018. [3]
  • By 2024, MEA will have 75 percent of all networked devices mobileconnected and 25 percent will be wired or connected over Wi. [3]
  • By 2024, NA will have 345 million Internet users , up from 328 million in 2018. [3]
  • By 2024, NA will have 329 million mobile users , up from 313 million in 2018. [3]
  • By 2024, NA will have 25 percent of all networked devices mobileconnected and 75 percent will be wired or connected over Wi. [3]
  • By 2024, WE will have 370 million Internet users , up from 345 million in 2018. [3]
  • By 2024, WE will have 365 million mobile users , up from 357 million in 2018. [3]
  • By 2024, WE will have 31 percent of all networked devices mobileconnected and 69 percent will be wired or connected over Wi. [3]
  • Users/ Devices and connections A. Growth in Internet users Globally, the total number of Internet users is projected to grow from 3.9 billion in 2018 to 5.3 billion by 2024 at a CAGR of 6 percent. [3]
  • In terms of population, this represents 51 percent of the global population in 2018 and 66 percent of global population penetration by 2024. [3]
  • . [3]
  • Globally, devices and connections are growing faster than both the population and the Internet users. [3]
  • By 2024, M2M connections will be half or 50 percent of the total devices and connections. [3]
  • M2M connections will be the fastestgrowing device and connections category, growing nearly 2.4 fold during the forecast period to 14.7 billion connections by 2024. [3]
  • Smartphones will grow the second fastest, at a 7 percent CAGR. [3]
  • Connected TVs will grow next fastest , to 3.2 billion by 2024. [3]
  • PCs will continue to decline over the forecast period. [3]
  • By 2024, the consumer share of the total devices, including both fixed and mobile devices, will be 74 percent, with business claiming the remaining 26 percent. [3]
  • Consumer share will grow at a slightly slower rate, at a 9.1 percent CAGR relative to the business segment, which will grow at a 12.0 percent CAGR. [3]
  • We estimate that by 2024, twothirds of the installed flat panel TV sets will be UHD, up from 33 percent in 2018. [3]
  • Increasing video definition By 2024, 66 percent of connected flat panel TV sets will be 4K. [3]
  • Connected car applications such as fleet management, invehicle entertainment systems, emergency calling, Internet, vehicle diagnostics and navigation etc. will be the fastest growing category, at a 30 percent CAGR. [3]
  • Connected cities applications will have the second fastest growth, at 26 percent CAGR. [3]
  • D. Mobility on the rise Globally, the total number of mobile subscribers is going to grow from 5.1 billion in 2018 to 5.7 billion by 2024 at a CAGR of 2 percent. [3]
  • In terms of population this represents 66% of global population in 2018 and 71% of global population penetration by 2024. [3]
  • Relative to the growth in Internet users we see slow down occurring in the mobile subscriber growth – this is primarily as the penetration levels have already crossed 60 percent range. [3]
  • There were 8.8 billion global mobile devices and connections in 2018, which will grow to 13.1 billion by 2024 at a CAGR of 8 percent. [3]
  • Regionally, North America and Western Europe are going to have the fastest growth in mobile devices and connections with 16 percent and 11 percent CAGR from 2018 to 2024, respectively. [3]
  • We see a rapid decline in the share of non smartphones from 27 percent in 2018 to 11 percent by 2024. [3]
  • Another significant trend is the growth of smartphones from 4.9 billion in 2018 to 6.7 billion by 2024 at the second highest CAGR of 7 percent. [3]
  • Even though smartphones are growing absolutely, the relative share is declining from 56 percent in 2018 to 51 percent by 2024. [3]
  • M2M mobile connections will cross over a third of total devices and connections by 2024. [3]
  • The M2M category is going to grow at 30 percent CAGR from 2018 to 2024. [3]
  • By 2024, 4G connections will be 46% of total mobile connections, compared to 42% in 2018. [3]
  • The global mobile 4G connections will grow from 3.7 billion in 2018 to 6.0 billion by 2024 at a CAGR of 10 percent. [3]
  • By 2024, there will be 11% devices and connections with 5G capability. [3]
  • There were 55% 3G and below connections in 2018, but by the end of the forecast period, these will decline to 29%. [3]
  • The share of LPWA connections will grow from about 2.5 percent in 2018 to 14 percent by 2024, from 223 million in 2018 to 1.9 billion by 2024. [3]
  • In fact, by 2024, nearly 60 percent of the mobile devices and connections globally will have 4G+ capability, surpassing 3G and below capable devices and connections by several fold. [3]
  • North America will have the highest share of its devices and connections on 4G+ connectivity – 62 percent, by 2024. [3]
  • Middle East and Africa at 73% will have the highest share of its devices and connections on 3G and below by 2024. [3]
  • By 2024, North America will be the region with highest share of connections on 5G at 17 percent. [3]
  • Mobile connections by network type – 2024 regional percentage share Region 3G and Below 4G 5G LPWA Global Asia Pacific Central and Eastern Europe Latin America Middle East and Africa. [3]
  • The top three 5G countries in terms of percent of devices and connections share on 5G will be China (20.7%), Japan (20.6%), and United Kingdom (19.5%). [3]
  • Globally, mobile M2M connections will grow from 1.2 billion in 2018 to 4.4 billion by 2024, a 30 percent CAGR a four. [3]
  • By 2024, Asia Pacific will have the highest share of global public Wi Fi hotspots at 46 percent. [3]
  • Globally, WiFi 6 hotspots will grow 13fold from 20202024 and will be 11% of all public Wi Fi hotspots by 2024. [3]
  • By 2024, 66.8 percent of all WLAN endpoints will be equipped with 802.11ac or Wi. [3]
  • By 2024, 27.4 percent of all WLAN endpoints will be equipped with 802.11ax. [3]
  • Table 6 shows the percentage of broadband connections that will be faster than 10 Mbps , 25 Mbps , and 100 Mbps by region. [3]
  • At the beginning of the 7 year study, 52 percent of the traffic was generated by the top 1 percent. [3]
  • With the reintroductions and promotions of unlimited plans by tier 2 operators in the study, the top 1 percent generated 18 percent of the overall traffic per month by June 2014. [3]
  • By May 2019, just 5 percent of the traffic was generated by the top 1 percent of users. [3]
  • The number of mobile shared data plans is now a majority at 79% of the total plans. [3]
  • Average cost of a lost or stolen record continues to increase, according to the IBM Security and Ponemon Institute 2018 Cost of Data Breach Study and it is globally $150 in 2019 compared to an average of $148 in 2018. [3]
  • Asia Pacific will have the highest percentage of all mobile applications downloaded with183.2 billion by 2024 up from 120.7 billion mobile applications in 2018. [3]
  • According to our analysis, IoT devices will account for 50 percent of all global networked devices by 2024. [3]
  • According to the Uptime Institute, half of all workloads will be run outside the enterprise data center by 2021, either in cloud/ non cloud data centers or at the network edge. [3]
  • By 2024, microservices architectures will support 90 percent of all applications improving the ability to design, debug, update, and leverage third. [3]
  • Unfortunately, up to 95 percent of network changes are still performed manually, resulting in operational costs two to three times higher than the cost of the network. [3]
  • According to IDC, 40 percent of global IT leaders surveyed say they’ve currently deployed SD WAN; nearly 55 percent more expect to deploy within 24 months. [3]
  • Additionally, network automation , SDN , and IBN are among the technologies that will have the most impact on networking over the next five years. [3]
  • Edge computing use cases Source Strategies for connecting the edge, heavy reading, September 2019 [Percent of respondents N = 60 telecom, 23 enterprise]. [3]
  • According to a survey of global IT leaders and service providers, 5G is expected to have a significant impact on many business segments. [3]
  • [Percent of respondents N = 145 global IT leaders and service providers]. [3]
  • According to Cisco’s 2019 chief information security officer benchmark study, two of the top three security issues pertain to email security. [3]
  • According to Cisco’s 2019 data privacy benchmark study, 59 percent of global businesses indicated they meet all or most of the GDPR’s requirements today. [3]
  • Another 29 percent said they will be GDPR ready within a year, leaving 9 percent who said it would take more than a year to get ready. [3]
  • While the GDPR applies to businesses in the EU or to the processing of personal data collected about individuals located in the EU, only 3 percent of respondents in the global survey indicated that they did not believe the GDPR applied to their organization. [3]
  • Unfortunately, only 75 percent of Cisco survey respondents indicated that they knew what to do after a security breach. [3]
  • [Percentage of respondents N = 200 IT and DevOps decision makers]. [3]
  • According to a Capgemini survey , nearly 40 percent of the organizations implementing automation initiatives are doing so to improve workforce productivity. [3]
  • Recommended action According to Gartner, approximately 70 percent of data center networking tasks are performed manually, which increases time, cost, and the likelihood of errors, and reduces flexibility. [3]
  • According to a survey conducted by IDC, nearly 50 percent of businesses are currently using UCC, while the “no plans for UCC” percentage has declined. [3]
  • Nearly 75 percent of businesses are either using UCC or plan to do so within one year. [3]
  • ● By 2024, IoT devices will account for 50 percent of all networked devices. [3]

I know you want to use Industrial IoT Software, thus we made this list of best Industrial IoT Software. We also wrote about how to learn Industrial IoT Software and how to install Industrial IoT Software. Recently we wrote how to uninstall Industrial IoT Software for newbie users. Don’t forgot to check latest Industrial IoT statistics of 2024.

Reference

  1. aimultiple – https://research.aimultiple.com/iot-stats/.
  2. pareteum – https://www.pareteum.com/internet-of-things-iot-stats-2021/.
  3. comptia – https://connect.comptia.org/blog/internet-of-things-stats-facts.
  4. cisco – https://www.cisco.com/c/en/us/solutions/collateral/executive-perspectives/annual-internet-report/white-paper-c11-741490.html.
  5. techjury – https://techjury.net/blog/internet-of-things-statistics/.
  6. dataprot – https://dataprot.net/statistics/iot-statistics/.
  7. shoplogix – https://shoplogix.com/top-iiot-statistics-for-2020-head-into-the-year-with-20-20-vision/.
  8. explodingtopics – https://explodingtopics.com/blog/iot-stats.
  9. comparitech – https://www.comparitech.com/internet-providers/iot-statistics/.
  10. thesslstore – https://www.thesslstore.com/blog/20-surprising-iot-statistics-you-dont-already-know/.
  11. kommandotech – https://kommandotech.com/statistics/iot-statistics/.
  12. financesonline – https://financesonline.com/iot-device-statistics/.
  13. taiwannews – https://www.taiwannews.com.tw/en/news/4377625.
  14. securitytoday – https://securitytoday.com/Articles/2020/01/13/The-IoT-Rundown-for-2020.aspx?Page=2.
  15. firstsiteguide – https://firstsiteguide.com/internet-of-things-stats/.
  16. statista – https://www.statista.com/statistics/611004/global-industrial-internet-of-things-market-size/.
  17. mckinsey – https://www.mckinsey.com/featured-insights/internet-of-things/our-insights.

How Useful is Industrial Iot

One of the key benefits of IIoT is its ability to gather and analyze vast amounts of data from machines and equipment in real-time. This enables predictive maintenance, meaning that potential failures can be detected before they occur, leading to less unplanned downtime and increased productivity. In addition, IIoT allows for more efficient use of resources, as operations can be optimized based on real-time data, leading to cost savings and better performance.

Another advantage of IIoT is its ability to improve safety in industrial environments. With sensors and connected devices, companies can monitor equipment and track worker movements to identify potential hazards and prevent accidents before they happen. This not only ensures the safety of employees but also helps companies comply with regulatory requirements and avoid costly fines.

Additionally, IIoT can enable better decision-making by providing valuable insights into operations and processes. By collecting and analyzing data from various sources, companies can identify trends, patterns, and anomalies that may not be visible otherwise. This allows for more informed decision-making, leading to better outcomes and competitive advantages in the market.

Furthermore, IIoT can drive innovation and creativity in industrial sectors. By connecting machines, equipment, and systems, companies can develop new products and services that were previously not possible. This opens up new opportunities for growth and expansion, allowing companies to stay competitive in a rapidly changing market.

Despite its many benefits, IIoT also presents some challenges and risks that companies need to consider. One of the biggest concerns is cybersecurity, as connected devices are vulnerable to hacking and cyber-attacks. Companies need to invest in robust security measures to protect their data and systems from unauthorized access and potential disruptions.

Another challenge of IIoT is the complexity of implementation and integration with existing systems. Companies need to ensure that they have the right infrastructure, skillsets, and partnerships in place to successfully deploy and manage IIoT technologies. This requires a significant investment of time, money, and resources, which may deter some companies from adopting IIoT.

In conclusion, the Industrial Internet of Things has the potential to revolutionize the manufacturing and industrial sectors by improving efficiency, safety, decision-making, and innovation. While there are challenges and risks associated with IIoT, companies that embrace and adapt to these technologies are likely to reap the rewards of increased productivity, cost savings, and competitive advantages in the long run. It is essential for companies to carefully evaluate their needs and capabilities before implementing IIoT to ensure its usefulness and success in their operations.

In Conclusion

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