The Internet of Things (IoT) is transforming business across industries, with connected devices expected to reach 50 billion by 2020 and generate significant economic impact. By 2020, IoT is predicted to produce $8.9 trillion in revenue, with organizations increasingly investing in digital security and solutions. A majority of business leaders are exploring IoT opportunities, with many planning to implement solutions in the near future.

1. The Internet of Things represents a major departure in the World Wide Web’s
development.The (IoT) has become a powerful force for business transformation,
and its disruptive impact will be felt across all industries and all areas of society.
In 2015,
4.9 billion
connected things are
in use, up 30%
from 2014.
As a result, by the end of
2017, more than 20%
of organizations will have
digital security services
devoted to protecting
business initiatives using
devices and services in IoT.
And that number
will reach
25 billion
by 2020, according
to Gartner.
Cisco research indicates
that approximately
50 billion
devices will be connected
through IOT by 2020.
By 2020, the IOT is
forecasted to yield
$ 8.9 trillion
revenue.
Technology and services spending is
expected to generate global revenues
of up to $14.4 trillion
by 2022.
Service Revenues for the IoT will reach
$500 Billion
by 2018, dwarfing the
$33 Billion
in revenue expected from devices in 2018.
The potential economic
impact of IoT will be
$2.7 trillion to
$6.2 trillion per
year by 2025.
According to a report by the
Economist Intelligence Unit, 75% of
C-suite business leaders from across
industries are already exploring the IoT.
15% of organizations across
the globe already have an IoT
solution in place.
53% plan to implement one
within the next 24 months, and
another 14 % in the next two to
five years.
30% of executives feel that it
will unlock new revenue
opportunities, while nearly as many
(29%) believe it will inspire
new working practices.
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THE BRIGHT
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