IoT Analytics Statistics 2024 – Everything You Need to Know

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Are you looking to add IoT Analytics 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 IoT Analytics statistics of 2024.

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

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

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

Best IoT Analytics Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 175 IoT Analytics Statistics on this page 🙂

IoT Analytics Benefits Statistics

  • Estimated IoTrelated benefits to public safety and crime levels due to IoT enabled processes like predictive policing, real time crime mapping, and gunshot detection 8–10% – reduction in crime incidents. [0]

IoT Analytics 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. [1]
  • Its share of the market will remain at around 63% between 2018 and 2020. [1]
  • Hardware accounted for 35% of this $1.7T market value. [1]
  • Morgan Stanley predicted the industrial IoT market size reached $110 billion by 2020 and $124B in 2021. [1]
  • IoT in retail markets is predicted to grow to $35.5 billion in 2025. [1]
  • The lowest implementation of high potential use cases across IoT market segments is seen in energy & utilities (18%) and automotive (17%). [1]
  • 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. [1]
  • 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. [1]
  • The IoT market was worth $581B for ICT based spending alone by 2020, growing at a CAGR of between 7 and 15%. [1]
  • The automotive IoT market was valued at $15.87 billion in 2015, indicating a CAGR of 26.5% over the eight. [1]
  • 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. [1]
  • the worldwide smart homes market show an estimated growth at a CAGR of 19.31% rising from $20.38 billion in 2014. [1]
  • 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. [1]
  • forecasts for the banking and financial services market predict growth at a CAGR of 52.1% from $0.17 billion in 2017. [1]
  • 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. [1]
  • The IoT analytics market has been valued at USD 17.14 billion in 2020 and is expected to grow at a CAGR of 29.8% during the forecast period , to reach USD 81.67 billion by 2026. [2]
  • $16.8 billion – the estimated 2026 market value of IoT security services, arising from the need to better secure IoT. [0]
  • 24.4% – the Compound Annual Growth Rate of the smart clothing market over the period 2020 to 2027. [0]
  • 28.6% – the market share of modules and sensors, the leading IoT technology category in 2020. [0]
  • 21.3% – the 2020 market share of ongoing IoT services. [0]
  • 14.2% – the 2020 market share of connected IT and installation services. [0]
  • 11.7% – the 2020 market share of IoT application software. [0]
  • Smart clothing market to grow at a CAGR of 24.4% to reach US$ 6,418.08 million from 2020 to 2027. [0]
  • North America was the largest market for IoT in healthcare, with a revenue share of 37% as of the end of 2019. [3]
  • 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. [3]
  • 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. [3]
  • Amazon Web Services dominates the IoT market, with 40 percent of IoT developers utilizing. [3]

IoT Analytics Software Statistics

  • 29% of developers favor Microsoft’s Azure IoT Suite for enabling connected devices in their software projects. [1]
  • 11.7% – the 2020 market share of IoT application software. [0]

IoT Analytics Adoption Statistics

  • Other major barriers to adoption include cost (50%), maintenance (44%), and integration of legacy technology (43%). [1]
  • 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. [3]

IoT Analytics Latest Statistics

  • Of the 21.7 billion active connected devices worldwide, 11.7 billion (or 54%). [4]
  • 4.4/5 Customers that would recommend us 100% Customer Satisfaction Survey 2020 Sign up for our newsletter and never miss another update again. [5]
  • Microsoft Azure and Amazon AWS grew 93% and 49% respectively with their IoT portion contributing significantly to the growth. [6]
  • But smaller players like C3IoT also reported a 60% revenue increase for the year. [6]
  • By 2024, 100% of the global population is expected to have LPWAN coverage. [1]
  • The main revenue driver for 54% of enterprise IoT projects is cost savings. [1]
  • 97% of organizations feel there are challenges to creating value from IoT. [1]
  • There will be a 21% increase in the number of endpoints in 2020 compared to 2019’s figures. [1]
  • Utility IoT use increased by 17% in 2020. [1]
  • According to the Internet of Things stats for 2020 predictions, utility endpoints will increase by 200 million from the year before. [1]
  • Predictions show that by 2021, spending on security measures will increase by 28% compared to 2018. [1]
  • Building automation grew by 42% in 2020. [1]
  • According to the Internet of things growth statistics, the industry will see 130 million more IoT endpoints compared to 2019 figures. [1]
  • According to smart device statistics, the global figures will have grown by 780 million from 2016’s 325 million. [1]
  • According to IoT stats 2020, the closest competitor is Samsung with 10%. [1]
  • According to the Internet of things data for 2021, the technology for this transformation is already available. [1]
  • Gartner’s statistics predicted 25 billion IoT devices by the end of 2021. [1]
  • We have also seen very high numbers cited in some other studies. [1]
  • Consumer electronics accounted for 63% of all installed IoT units in 2020. [1]
  • That will be at a compound annual growth rate of 26.9%. [1]
  • Business investment accounted for more than 50% of the overall IoT spending in 2020. [1]
  • In 2017, only 20% of the world population was covered by this type of network. [1]
  • This includes a CAGR of 7.3% through 2020. [1]
  • 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%). [1]
  • Only 35% of IoT projects are used to increase revenue. [1]
  • 24% of projects also increase overall safety. [1]
  • The top goal of enterprise IoT deployment varies by country; 23% of Chinese companies use it to increase competitiveness. [1]
  • 58% of manufacturers say IoT is required to digitally transform industrial operations. [1]
  • 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%). [1]
  • More than 80% of senior executives across industries, on average, say IoT is critical to some or all lines of their business. [1]
  • Internet of things statistics show that 28% execs, on average, plan to invest in IoT security in the next 12 months. [1]
  • The variation is much wider (33% to 54%). [1]
  • 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. [1]
  • Actual results showed that 46% experienced gains in efficiency. [1]
  • Similarly, while only 16% of the business leaders projected a large increase in profits because of their IoT investment, 32% ended up with IoT. [1]
  • 93% of enterprises are believed to have adopted IoT technology. [1]
  • A booming 77% of executives in the sector believe IoT technology will allow them to transform offices into a smart workplace. [1]
  • 59% of them use IoT for monitoring and maintenance, while 55% use it for location. [1]
  • 80% of industrial manufacturing companies have adopted IoT in some way in 2020. [1]
  • The Internet of Medical Things sector is estimated to reach $158 billion by 2024. [1]
  • For comparison, a 2020 forecast showed the growth would be at $14.5 billion, with a Compound Annual Growth Rate of 19.6%. [1]
  • IoT statistics showed that over 78% of government professionals reported that the implementation of machine learning technologies is either underway or completed. [1]
  • 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. [1]
  • In terms of average implementation percentage of high potential use cases by industries, telecom is the leader at 36%. [1]
  • 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). [1]
  • This is followed by the UK (41%) and Germany (35%). [1]
  • According to an estimate, over twothirds of the IoT startups funded in the 2012 2017 period were based in the US. [1]
  • Amazon AWS IoT (19%), and Cisco IoT Services (13%). [1]
  • AWS was more popular with respondents from smaller organizations (28% versus 9%). [1]
  • Googe’s Cloud IoT is being adopted more by employees in larger companies (37% vs. 15%). [1]
  • 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. [1]
  • 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. [1]
  • Even though 98% of organizations using IoT are extracting a mass of data from their processes, making sense of this data remains a hurdle. [1]
  • Well over a third (39%). [1]
  • 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. [1]
  • Hardware ranks third with about 20% of the overall spend, followed by Security and Connectivity. [1]
  • 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. [1]
  • This number equates to a 422% increase in output from 2019. [1]
  • According to IoT stats for 2021, there are 31 billion IoT devices in the world. [1]
  • According to the Internet of things hacking statistics, hacking increased by 54% in 2019. [1]
  • Asia Pacific Largest Market North America CAGR 30.31 % Market Overview. [2]
  • For instance, according to the Ericcson’s mobility report, there would be 1.5 billion IoT devices with cellular connections in 2024. [2]
  • For instance, in February 2019, according to the figures compiled by the International Federation of Robotics Robots active in the UK numbered around 2,300 units – an increase of more than 30%. [2]
  • The IoT Analytics Market is growing at a CAGR of 30.31% over the next 5 years. [2]
  • $381 billion – the estimated 2020 global IoT revenue adjusted for the effects of the pandemic. [0]
  • This is 9% lower than the original estimate before the onset of the pandemic. [0]
  • $906 billion – the estimated 2025 global IoT revenue adjusted for the effects of the pandemic. [0]
  • $200 billion – the estimated 2025 IoT global revenue wiped out by the pandemic. [0]
  • 65% – cost saving 68% – revenue generation 53% – regulatory compliance. [0]
  • Over 60% of organizations currently use IoT, with only 9% of them currently having none at all. [0]
  • Of the 21.7 billion active connected devices worldwide in 2020, 11.7 billion (54%). [0]
  • 30 billion – estimated number of IoT device connections by 2025. [0]
  • $124 billion – estimated global smart city initiative investment in 2020. [0]
  • $189.5 billion – estimated global smart city initiative investment in 2020. [0]
  • 5.7 billion – estimated number of IoT devices that will use cellular networks by 2026. [0]
  • The following are the highlight findings 98% of all IoT device traffic is unencrypted , exposing personal and confidential data on the network. [0]
  • Broken down, these IoT security threats come in the form of 41% – exploits in the form of 14% – network scan. [0]
  • 5% – remote code execution 5% – command execution. [0]
  • 5% – others 4% – SQL injection 3% – zero. [0]
  • 33% – malware in the form of 12% – worm 8% – ransomware 7% – backdoor trojan 6% – botnet 26% – user practice in the form of 13% – password 8% – phishing 5% – cryptojacking. [0]
  • For the desktop environments, the following shows their absence and degree of support 83% – no support, including 56% – Win7 11% – WinXP 7% – Embedded 4% – Linux 3% – Unix 2% – Win 17% – active support, including 11% – Win10. [0]
  • 2% – Embedded 2% – Linux. [0]
  • These are mainly in the following areas 89% – IoT related security breach 49% – malware 39% – human error 22% – DDos. [0]
  • 30–40% – reduction in emergency response time. [0]
  • 8–10% – reduction in fatalities. [0]
  • 10–15% – improvement on emergency service arrival time. [0]
  • 10% – decrease in street crime with IoT street crimes monitoring of public safety. [0]
  • 10–15% – reduction in gas emissions due to IoT application. [0]
  • 20–30% – reduction in water consumption through the use of IoT. 10–20% – reduction in unrecycled waste due to IoT implementation. [0]
  • 3–15% – reduction of the negative health effects of poor air quality. [0]
  • 30% – reduction in street lighting costs by using smart lights. [0]
  • 20% – reduction of waste collection costs with smart waste systems. [0]
  • Worldwide spending on the Internet of things will slow in 2020 then return to double digit growth, according to a new IDC spending guide. [0]
  • 66% of US cities are investing in smart city technology. [0]
  • According to Cisco, that point was reached around 2008. [3]
  • According to GSMA Intelligence, there will be over 25 billion IoT connections by 2025. [3]
  • It is predicted that there will be 41 billion IoT devices by 2027. [3]
  • 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. [3]
  • Shipments are predicted to exceed 1.4 billion by 2025. [3]
  • In 2021, around 41.9% of US households owned a smart home device, predicted to increase to 48.4% by 2025. [3]
  • 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. [3]
  • 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. [3]
  • An estimated 646 million IoT devices were used in hospitals, clinics, and medical offices in 2020. [3]
  • 80 percent of healthcare business executives see increased innovation as the biggest advantage of IoT implementation. [3]
  • 73 percent pointed to cost savings, while 76 percent pointed to “visibility across the organization” as key advantages. [3]
  • The most common healthcare IoT devices include patient monitors , energy meters , and imaging devices. [3]
  • Over 70 percent of healthcare organizations that use IoT devices utilize them for monitoring and maintenance. [3]
  • 50 percent of healthcare IoT is used for remote operation and control, and 47 percent connect their devices to location. [3]
  • 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. [3]
  • The most common security threats to IoT are malware , human error and DDoS attacks. [3]
  • The health industry is responsible for 6 percent of global IoT projects, with 55 percent of those occurring in the Americas. [3]
  • According to Scand, IoT devices can save healthcare companies a combined $100 billion per year by reducing inefficiencies. [3]
  • In Germany, 91 percent of industrial/manufacturing businesses invest in “digital factories” that include IoT solutions. [3]
  • Companies expect IoT and other digital technologies to improve efficiency by 12 percent. [3]
  • 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. [3]
  • Only 32 percent of data analytics professionals in the industrial industry state. [3]
  • Manufacturing IoT grew 84 percent between 2016 and 2017, by far the highest of any industry. [3]
  • Over 40 percent of commercial drones are used for industrial inspection. [3]
  • poured$237.59 billioninto IoT in 2021 at a compound annual growth rate of 8%. [3]
  • 95 percent of construction business operators believe emerging technologies will fundamentally change their industry. [3]
  • A further 74 percent believe a technology disruption will change their industry within the next 5 years. [3]
  • More than half have already developed a technology/data road map or business strategy. [3]
  • However, only 5 percent see themselves as on the “cutting edge” of construction technology implementation. [3]
  • Most see themselves as followers or even behind the curve. [3]
  • 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. [3]
  • Industrial IoT makes up 17 percent of all global IoT projects. [3]
  • 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. [3]
  • Farmers are also using GPS for soil mapping and variable rate technologies at a rate of around 20 percent per planted acre. [3]
  • Most guidance systems are used for corn, with almost 70 percent of this crop planted and grown using this technology. [3]
  • 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. [3]
  • 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. [3]
  • According to IoT Analytics, Smart Agriculture accounts for just 4 percent of all global IoT projects, with nearly 40 percent of those Smart Ag. [3]
  • As of 2019, 25 percent of rural farms in the US lacked internet connectivity, making most farming IoT solutions difficult to implement. [3]
  • Over 60 percent of organizations currently use IoT, with only 9 percent that have no IoT implementations at all. [3]
  • IoT developers are primarily concerned with security , while connectivity and data collection and analytics take the next two spots. [3]
  • Most IoT developers are working on developing smart agriculture systems , and industrial automation (26%). [3]
  • However, home automation is losing favor, accounting for just 19% of projects. [3]
  • Linux is by the top Edge/Gateway operating system for IoT, comprising 43 percent of all gateways and edge nodes. [3]
  • However, last year, it accounted for over 70%, indicating that developers are open to alternatives like FreeRTOS. [3]
  • A further 31 percent use Microsoft Azure, while 26 percent use Google Cloud Platform. [3]
  • Most IoT developers use Eclipse Desktop IDE , while 35 percent use Visual Studio Code. [3]
  • The top two connectivity protocols used by IoT devices are Wifi and Ethernet. [3]
  • Bluetooth and the various cellular protocols are tied in third place, with 37% each. [3]

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

Reference

  1. financesonline – https://financesonline.com/iot-statistics/.
  2. techjury – https://techjury.net/blog/internet-of-things-statistics/.
  3. mordorintelligence – https://www.mordorintelligence.com/industry-reports/iot-analytics-market.
  4. comparitech – https://www.comparitech.com/internet-providers/iot-statistics/.
  5. iot-analytics – https://iot-analytics.com/state-of-the-iot-2020-12-billion-iot-connections-surpassing-non-iot-for-the-first-time/.
  6. iot-analytics – https://iot-analytics.com/.
  7. iot-analytics – https://iot-analytics.com/state-of-the-iot-update-q1-q2-2018-number-of-iot-devices-now-7b/.

How Useful is Iot Analytics

IoT analytics refer to the process of analyzing the vast amounts of data generated by IoT devices to extract valuable insights and make informed decisions. By analyzing this data, organizations can gain a deeper understanding of their customers, processes, and operations. From predictive maintenance in manufacturing to personalized marketing in retail, IoT analytics can offer valuable insights that drive efficiency, innovation, and growth.

One of the key benefits of IoT analytics is the ability to optimize operations and increase efficiency. By collecting and analyzing data from IoT devices, businesses can identify patterns, trends, and anomalies in real-time, allowing them to proactively address issues before they escalate. For example, in the manufacturing industry, IoT analytics can be used to predict equipment failures, minimize downtime, and optimize maintenance schedules, ultimately improving operational efficiency and reducing costs.

Furthermore, IoT analytics can enable businesses to enhance customer experiences and drive personalized marketing strategies. By analyzing data from IoT devices, businesses can gain a more comprehensive understanding of their customers’ behavior, preferences, and needs. This allows them to tailor their products and services to meet individual customer demands, ultimately increasing customer satisfaction and loyalty. For example, in the retail industry, IoT analytics can be used to track customer interactions with products, offer personalized recommendations, and optimize marketing campaigns to target specific customer segments.

In addition to improving operations and customer experiences, IoT analytics can also enable innovation and drive business growth. By analyzing data from IoT devices, businesses can uncover new opportunities, identify emerging trends, and innovate products and services to meet evolving market demands. For example, in the healthcare industry, IoT analytics can be used to monitor patient health data, identify early warning signs of disease, and offer personalized treatment plans, ultimately improving patient outcomes and driving innovation in healthcare delivery.

While the potential benefits of IoT analytics are vast, businesses must also recognize the challenges and implications of harnessing this technology. From data privacy and security concerns to data integration and interoperability issues, organizations must address various challenges to effectively leverage IoT analytics. Additionally, businesses must invest in skilled data analysts, robust analytics tools, and secure data storage infrastructure to derive meaningful insights from IoT data.

In conclusion, IoT analytics hold immense potential for businesses to gain valuable insights, drive efficiency, enhance customer experiences, and foster innovation. As IoT devices continue to proliferate in our everyday lives, organizations must harness the power of IoT analytics to stay competitive in an increasingly data-driven world. By embracing IoT analytics and overcoming the associated challenges, businesses can unlock a wealth of opportunities to thrive in the digital age.

In Conclusion

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