The Internet of Things in 4 Charts

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The Internet of Things is already here, and it's only getting bigger.

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The Internet of Things in 4 Charts

  1. THE INTERNET OF THINGS in FOUR charts
  2. We already have televisions, cars, homes, industrial equipment and other things connected to the Internet.
  3. They can automate systems for us, allow us to communicate easier, and collect data for us.
  4. So whether we’ve known it or not, the Internet of Things is already here.
  5. But the amount of Internet of Things (IoT) connections is about to explode.
  6. Take a look…
  7. 0 10 20 30 40 50 60 2012 2013 2014 2015 2016 2017 2018 2019 2020 Total Internet of Things Connections (in billions) Source: Cisco.
  8. While American technology companies are making lots of IoT progress, Asia currently has the most connections.
  9. 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% Asia Europe North America Latin America Africa Oceania Percentage of Machine-to-Machine Connections Source: GSMA.
  10. That’s because China’s government has committed to spend $603 billion by 2020 for machine-to-machine connections.
  11. So what’s the worth of all of these connected things?
  12. Probably much more than you think.
  13. 0 1 2 3 4 5 6 7 8 9 10 2013 2020 Internet of Things Market Size (in trillions of dollars) Source: IDC.
  14. But not everyone has the same predictions.
  15. Cisco believes the market size will be $19 trillion by 2025.
  16. The potential market size is so big because the IoT is about increasing efficiency, as well as creating new profits.
  17. And those efficiencies will touch nearly every part of our lives: healthcare, transportation, utilities, etc.
  18. General Electric says that a 1% increase in efficiencies from the Industrial Internet (part of the IoT) will have huge savings.
  19. 0 10 20 30 40 50 60 70 80 90 100 Rail Aviation Healthcare Power Oil & Gas Savings from Industrial Internet Efficiencies (in billions of dollars) Source: GE.
  20. There’s still a lot of room for varying Internet of Things predictions.
  21. But even if we look at the low estimates, the Internet of Things will still have a huge impact on our lives.
  22. And we’ve only just begun.
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