If you’re interested in learning more about the Internet of Things, as well as finding some IoT forecasts for the near future, you’ve come to the right place.
First, let’s clear up what the Internet of Things is and why our home security systems and washers need to be connected to the internet. The IoT is defined by everyday objects, interconnected via the internet in order to send and receive data. The reason why we connect these objects is simple: for convenience. To help you understand this technology better in 2019, we’ve created the following list of Internet of Things statistics.
Being able to arm your security system remotely, or 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. Looks like we will probably never have to worry about leaving the stove on again.
Top 5 IoT Statistics:
26.66 billion IoT devices in 2019 were active
By 2025 there will be 75 Billion IoT devices in the World
127 new devices are connected every second to the internet
By 2020, 40% of IoT devices will be used in the healthcare industry
Global market will grow up to 457 Billion by 2020
The Number of IoT Devices: Past, Present, and Future
1. There were 15.41 billion IoT connected devices in 2015.
Back in 2015, the number of Internet of Things connected devices was 15.41 billion. But Internet of Things statistics show that IoT devices started taking over the world even earlier than this; the first time that the number of IoT devices exceeded the number of people on Earth was in 2008.
2. There are 26.66 billion IoT devices in 2019.
The number of IoT devices keeps growing. Currently, there are 26.66 billion of these devices. The number keeps growing by the hour, so the question How many IoT devices are there? can’t be answered with great accuracy.
3. The number of IoT devices is expected to surpass 75 billion by 2025.
In just six short years from now, the number of IoT devices is expected to nearly triple and reach 75.4 billion by the year 2025. These numbers belong to the more humble group of expectations; a few years ago, Intel predicted that, by 2020, the number of IoT devices would reach 200 billion. So how many connected devices will there be in 2020? The answer is around 30.7 billion.
4. 127 new devices are connected to the internet every second.
Some people might have difficulties understanding just how many devices are interconnected using the internet. The information that 127 new devices join the IoT party every second should help with that.
5. The number of IoT devices was projected to exceed the number of mobile devices in 2018.
Early predictions showed that IoT devices should have surpassed mobile device numbers by 2018. However, they were able to do so even earlier; Internet of Things statistics show that these devices outnumbered mobile devices 3:1 in 2015.
Where IoT Devices Are Used Commercially
6. 40.2% of IoT devices are used in business and manufacturing.
The biggest user of Internet of Things devices is the business/manufacturing industry. IoT devices are used to control robotic machinery, provide diagnostic information about equipment, and deliver real-time analytics of supply chains.
7. 30.3% of IoT devices are used in the healthcare industry.
IoT statistics provided by Intel point out that the second largest IoT consumer is the healthcare industry. IoT devices find various applications here, from portable health monitoring to serving as a safety measure for personal records. A major role in preventing pharmaceutical manipulations is played by IoT devices, Intel says.
8. 8.3% of IoT devices are used in retail.
The third largest user of IoT devices are retail services. 8.3% of all IoT devices are involved in this market, and they serve various purposes, such as tracking inventory, servicing online clients, and conducting consumer analytics, the Internet of Things stats provided by Intel show.
9. 7.7% of IoT devices are used in security.
Most security systems are meant to communicate with some other device, therefore it shouldn’t come as a surprise that the fourth-largest application of IoT devices is in the business of security. Remote sensors, biometric and facial recognition locks, and many other similar devices all rely on IoT technology to perform their intended functions.
10. 4.1% of IoT devices are used in transportation.
With the growth of the Internet of Things, various devices have found their use in the transportation industry as well. From GPS locators and devices used for performance tracking to lane-keep assist and self-parking systems, vehicle manufacturers are our fifth-largest user of IoT devices.
11. 27% of all M2M connections are in China.
The IoT is most commonly used for commercial purposes, which you were able to read above. Machine to machine connections (M2M) are the most common in this sector.
According to the data available, 27% of all global M2M connections are in China. The Chinese government has invested more than $600 billion in this technology so far.
12. 29% of the M2M connections are in Europe.
Wondering how many IoT devices there are in 2018? In Europe and the 50 countries located on the continent, the number is just slightly higher than the total number of M2M connections located in China. If we compare continents, though, Asia holds 40% of all M2M connections.
13. 19% of M2M connections are in the US.
The US is far from being the leader in the industrial application of the IoT, with 19% of all M2M connections being located in the country. The rest of these connections are located in Latin America (7%), Africa (4%), and Oceania (1%), according to industrial IoT market size data.
How the IoT Impacts Business
14. In 2016, $737 billion was spent on the IoT.
Global spending associated with the IoT in 2016 amounted to $737 billion. According to ACT, an organization that represents more than 5,000 tech companies, the healthcare IoT market alone will be worth more than $117 billion by 2020.
15. By 2020, global spending on IoT technologies is expected to reach $1.3 trillion.
IoT trends show that by 2020, global spending on the market will nearly double its 2016 value and reach $1.3 trillion. The annual growth of 15.6% is expected to persist for the foreseeable future, with some, like Business Insider, predicting a spike in 2021, when they expect it to double.
16. Almost 75% of business-related IoT projects are failing.
Business owners tend to dive head first into new trend