25 Insightful IoT Statistics to Make Your Life Easier (Infographic)

The IoT is defined by everyday objects interconnected via the Internet to send and receive data. The reason we connect these objects is simple—for convenience. You’ll understand everything better with our list of IoT statistics.

Being able to arm your security system remotely, start your washer, turn your lights on or off, or adjust the thermostat while being nowhere near them is a convenience our grandparents fantasized about.

Ultimately, the Internet of Things implementation has the potential to change radically the way we live and work. It looks like we will probably never again have to worry about leaving the stove on.

IoT Statistics—The Number of IoT Devices in the Past, Present, and Future

1. There were 15.41 billion IoT-connected devices in 2015.

(Research Gate, Security Today, Vision of Humanity)

IoT devices started taking over the world even earlier; the first time the number of Internet of Things devices exceeded the number of people on Earth was in 2008.

Moreover, there were 26.66 billion IoT devices in 2019. It can be noticed that the number of IoT devices keeps growing. Namely, IoT growth statistics reveal that number was 35.8 billion in 2021.

2. The number of IoT devices is expected to surpass 75 billion by 2025.

(Inside Telecom)

This rapid growth can be attributed to many factors, including the falling costs of sensors and computing power, the availability of high-speed wireless networks, and the need for better data collection and analysis.

As there are more connected IoT devices, they provide many potential benefits for both individuals and businesses.

3. IoT statistics show there are 127 new IoT devices every second.

(TechTarget)

With so many online devices, it is vital to ensure that they are secure and personal data is protected. As the number of connected devices IoT continues to grow, so does the need for reliable security solutions.

4. Because of COVID-19, public interest in the IoT dropped by 15% in 2020.

(IoT Analytics)

It’s safe to say that the coronavirus pandemic has profoundly impacted how we live and work and had an unexpected effect on the public perception of emerging technologies. One such technology is the Internet of Things.

In fact, that all changed in March 2020, when the pandemic caused a sudden drop in Google searches for “IoT.”

How Big Is the Internet of Things?

The number of active devices will reach 14.4 billion by the end of 2022. This represents a compound annual growth rate of 18%. Moreover, the Internet of Things value was $384.70 billion in 2021, and by 2027, the IoT solutions and services market will reach $575 billion.

With such rapid growth, it’s safe to say that the IoT is here to stay.

As there are many IoT device connections, the potential applications of this technology are virtually limitless. As a matter of fact, from improving efficiency in the workplace to reducing traffic congestion, the IoT has the potential to transform our world.

Where IoT Devices Are Used Commercially—Internet of Things Statistics

5. 61% of businesses already use IoT platforms, although security risks haven’t been fully addressed.

(Kaspersky)

This is because, despite Internet of Things attacks and IoT security concerns, the benefits are too great to ignore. With the IoT, businesses can collect data more efficiently, identify trends more quickly, and automate tasks that would otherwise be difficult or time-consuming.

Furthermore, the IoT can help businesses save money by reducing energy consumption and increasing operational efficiency.

6. 27% of all M2M connections are in China.

(LightBox)

In general, M2M refers to the direct communication between devices, often without human intervention. More specifically, this technology is used in various applications, including remote monitoring, asset tracking, and automated meter reading.

7. 29% of the M2M connections are in Europe.

(LightBox)

Internet of Things facts show several reasons for Europe’s dominance in this area. First, European countries have quickly adopted new technologies, including M2M.

Second, Europe has a large number of manufacturing and industrial firms that are using M2M technologies to improve efficiency and productivity. Finally, many European countries have strong telecommunications infrastructure that supports M2M communications.

8. 19% of M2M connections are in the US, as per IoT statistics.

(LightBox)

This puts the country in third place behind China and Europe. So, what does this all mean? First, it indicates that the US still has some catching up regarding M2M connectivity, but it’s certainly on the right track.

With more and more businesses and individuals beginning to see the benefits of M2M technology, IoT projections suggest that the US will likely see a surge in M2M connections in the years to come.

9. Internet of Things trends disclose that 30.3% of IoT devices are used in the healthcare industry.

(HISA)

IoT devices find various applications in the healthcare industry, from portable health monitoring to serving as a safety measure for personal records. Also, IoT devices play a significant role in preventing pharmaceutical manipulations.

10. 8.3% of IoT devices are used in retail.

(Copper Mobile)

They serve various purposes, such as tracking inventory, servicing online clients, and conducting consumer analytics.

The future of the Internet of Things is bright; that percentage is only expected to grow in the coming years as retailers look for new ways to improve efficiency and promote customer satisfaction.

11. Technology statistics point out that around 4.1% of IoT devices are used in transportation.

(Biz Intellia)

From GPS locators and devices used for performance tracking to lane-keep assist and self-parking systems, vehicle manufacturers are big users of Internet of Things devices.

In addition, IoT devices manage the flow of goods and materials within the transportation system.

How the IoT Impacts Business—Internet of Things Data

12. The enterprise IoT market grew by 22.4% to $158 billion in 2021.

(IoT Analytics)

There are many reasons for this growth of IoT, but the main among them is that the IoT can help organizations improve efficiency and optimize operations.

By collecting data from connected IoT gadgets, businesses can gain insights into how their products and services are being used and identify areas for improvement. In addition, the IoT can also help improve safety and security and create new revenue streams.

13. The global Internet of Things spending is estimated to generate up to $2,465.26 billion by 2029.

(Fortune Business Insights)

The Internet of Things market forecast shows a CAGR of 26.4% in the forecast period, as per technology growth statistics.

The Internet of Things market is primarily driven by the ever-increasing demand for connected devices and sensors. Moreover, another factor for the growing IoT market size is the need for better asset management and tracking.

14. Almost 75% of business-related IoT projects are failing.

(Cognitive Systems)

Business owners tend to dive head first into new trends, and the same applies to the IoT. Apart from recent IoT attacks, many of these projects are doomed to fail due to a lack of understanding of the IoT’s data.

IoT systems can be complex, and if you want to avoid IoT device vulnerabilities, you need expertise in areas such as networking, data analytics, and security.

15. There are four main reasons IoT projects fail.

(Sierra Wireless)

The Internet of Things (IoT) is revolutionizing how businesses operate, but it’s not without its challenges, as confirmed by the Internet of Things facts.

More specifically, the primary reasons for this are customer and vendor problems, company organizational issues, lack of clear business aims, and unforeseen technological problems.

16. There are three main reasons behind successful IoT projects.

(Automation)

IoT projects have become increasingly popular as businesses look for ways to leverage the latest technology to improve efficiency and encourage creative thinking.

So, here are three main reasons behind successful IoT projects: IoT proofs showcase the latest technology, IoT projects improve efficiency, and IoT encourages creative thinking.

17. In 2020, 47% of surveyed organizations planned to increase their investments in the IoT, despite COVID-19.

(Gartner)

Gartner, Inc. conducted the survey. So, despite the pandemic’s challenges, many organizations continue to invest in new technologies.

In fact, Internet of Things data shows that public IoT companies believe the Internet of Things can help them recover from the pandemic and position themselves for long-term success.

18. Businesses believe they will see a 30% return on investment on their IoT project.

(LiveMint)

One of the reasons behind this IoT forecast is that these companies make sure they hire the right people for their IoT implementation and invest in its maintenance and further development.

Additionally, the companies that see a positive ROI from the IoT know exactly what data they expect to gather and how to utilize it for their benefit.

Internet of Things Statistics: How the IoT Impacts Our Lives and What We Buy

19. A recent survey found that 65% of respondents have at least one smart device.

(ValuePenguin)

The most popular IoT devices are smartphones, tablets, and smart TVs. But the trend doesn’t stop there. Examples of other Internet of Things devices are smart appliances, thermostats, and security systems.

20. By 2023, 46.5% of all homes in the US will use some form of smart home technology.

(Insider Intelligence)

In other words, that’s 60 million US households, as smart home statistics reveal. The rapid growth of these top IoT devices can be attributed to several factors, including the falling cost of devices and the increasing awareness of connected homes’ benefits.

That is to say, building a smart home can provide many advantages, from increased security to enhanced energy efficiency.

Perhaps the greatest importance of the Internet of Things for our homes is that these devices allow homeowners to control their homes from anywhere in the world.

21. In 2020, fewer than 4 million people globally owned an item of smart clothing, as per Internet of Things statistics.

(Design Build Network)

Even though wearable technology has been around for many years, it only became popular in the last decade. The first smartwatches were released in 2013, and since then, the market has expanded to include fitness trackers, heart rate monitors, and even clothes.

Despite this growth, the wearable technology market is still relatively small. This low figure is due to several factors, including the high cost of the IoT (these garments) and the lack of available styles.

However, as prices come down and more manufacturers enter the market, the popularity of smart clothing will likely increase.

22. In the first quarter of 2022, the global wearables market faced 105.3 million unit shipments, as per technology statistics.

(IDC)

An Internet of Things market analysis shows that key players in the wearables market include Apple, Samsung, Xiaomi, Huawei, and Imagine Marketing.

Furthermore, these companies are investing heavily in research and development to create innovative IoT products that meet the needs of consumers.

23. 57% of Americans say that having smart products in their home saves them a minimum of half an hour daily.

(MC Clure)

So, most smart device owners claim that the primary purpose of their device is to save time. The most common IoT devices are good at this, as numerous Google home statistics show. These devices can help you cook and clean faster.

24. IoT growth statistics show that 70% of light-duty vehicles and trucks will be connected to the Internet in the US by 2023.

(Statista)

Moreover, this trend is a part of a wider global shift, with IoT data predictions that around 70% of all such vehicles will be connected by 2023. So, more vehicles will depend on the IoT.

Many factors impact this, including the increasing affordability of connected cars and the growing demand for new features and services such as real-time traffic updates and hands-free calling.

25. The Internet of Things trends show that just 0.06% of things are currently connected to the Internet.

(PDF Coffee)

However, as more and more businesses and industries explore the potential of the IoT, this percentage is sure to rise. In the next few years, we will have the chance to witness a major influx of Internet-enabled devices.

Conclusion: Internet of Things Data Collection

Even though we are just at the start of IoT today, progress is being made at a staggering pace, the latest IoT devices prove.

So, we hope this list of IoT statistics helps you understand what IoT devices are and the benefits the IoT offers if appropriately utilized for individuals and businesses.

We are constantly reminded of potential safety threats and the risk the IoT represents. Yet, we buy millions of IoT-connection products yearly as a sign of good faith towards manufacturers.

The IoT is not a scary monster out to get us; its sole purpose is to drive the world forward.

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