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Internet of Things forecasts infographic

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An infographic discussing the predictions and forecasts for the IoT industry over the next five to ten years.

Published in: Internet, Technology
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Internet of Things forecasts infographic

  1. 1. Gartner estimates that IoT product and service suppliers will generate incremental revenue exceeding $300 billion in 2020 The number of cars connected to the Internet worldwide will grow more than sixfold, to 152 million in 2020, from 28 million in 2015 The worldwide installed base of smart meters will grow from 326 million in 2015, to nearly 1.1 billion in 2020 Consumer Electronics M2M connections will top 7 billion in 2020, generating $700 billion in annual revenue https://machinaresearch.com/news/press-release-consumer-electronics-m2m-connections-will-top-7-billion-in-2023- generating-usd700-billion-in-annual-revenue/ http://www.navigantresearch.com/newsroom/the-installed-base-of-smart-meters-will-surpass-1-billion-by-2022 http://www.autonews.com/article/20140110/OEM06/301109910/the-race-to-market-the-connected-car By 2020, there will be over 100 million Internet connected wireless light bulbs and lamps worldwide, up from 4.2 million in 2015 http://onworld.com/news/100-Million-Internet-Connected-LED-Lights-by-2020.html 4.9 billion connected things will be in use in 2015 (up 30% from 2014), and there will be 25 billion in use by 2020 The Internet of Things (and the technology ecosystem surrounding it) is expected to be a $8.9 trillion market in 2020, according to IDC http://www.zdnet.com/article/internet-of-things-8-9-trillion-market-in-2020-212-billion-connected-things/ IoT will create a whopping 4.5 million developer jobs by 2020, reflecting a 57% compound annual growth rate and a massive market opportunity Internet Of Things Predictions & Forecasts In 2015 Emerald Technology set up their IoT division specifically to help vendors build international business operations

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