30 stats that prove the IoT has arrived


Numbers don’t lie! 


If you’re still unsure as to whether the Internet of Things has arrived, just take a look at these figures.

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  • 50 percent of IoT solutions will originate in startups less than three years old by 2017. (Gartner)
  • 50 million smart gadgets will be sold during this holiday season. (MediaPost)
  • 6.4 billion connected things will be in use by 2016. (Gartner)
  • 5.5 million new things will get connected every day in 2016. (Gartner)
  • 20.8 billion devices will be connected globally by 2020. (Gartner)
  • 34 billion devices will be connected to the Internet by 2020. (BI Intelligence)
  • 4 billion connected things will be in use by the consumer sector in 2016. (Gartner)
  •  13.5 billion smart gadgets will be used by consumers in 2020. (Gartner)
  • $698 billion spent globally on IoT this year. (IDC)
  • $546 billion in will be spent on connected objects by consumers next year. (Gartner)
  • $868 billion will be spent on connected things by the enterprise in 2016. (Gartner)
  • $1.3 trillion will be spent globally on the IoT in the next four years. (IDC)
  • $6 trillion will be spent on IoT solutions over the next five years. (BI Intelligence)
  • $11 trillion is the total impact that the IoT applications can have on the economy by 2025. (McKinsey)
  • $7.4 billion in investments over 887 deals have been made in the IoT space in the last six years. (CB Insights)
  • $14.4 trillion is how much the global IoT market will be worth by 2022, with the majority invested in improving customer experiences. Industry-specific use cases will generate $9.5 trillion (66%) including smart grid and connected personal vehicles, while cross-industry applications will generate $4.9 trillion (34%) including future of work initiatives and travel avoidance. (Cisco)
  • 174 million smart homes are in existence worldwide this year. (MediaPost)
  • 339 million homes will become smart in 2016. (MediaPost)
  • 21% of all U.S. households are already using smart home technologies. (Strategy Analytics)
  • 45 percent of all Americans will either own smart home technology or invest in it by the end of 2016. (Coldwell Banker)
  • 250 million connected cars will be on the road in 2020. (Gartner)
  • 1 in 5 cars on the road will have some form of wireless network connection by 2020. (Gartner)
  • 1.6 billion connected things will be used by smart cities in 2016. (Gartner)
  • 518 million connected things will be used by smart commercial buildings in 2016. (Gartner)
  • $101 billion in revenue will be generated on commercial building automation systems in 2021. (Navigant Research)
  • 76.1 million wearable devices shipped in 2015. (IDC)
  • 228 million smart wearables to be shipped in 2020. (Berg Insight)
  • 173 million connected wearables will ship in 2019. (IDC)
  • 34.3 million smartwatches will be shipped around the world in 2016. (IDC)
  • 88.3 million smartwatches will ship by 2019. (IDC)
  • 21 million wearable devices shipped in Q3 2015 alone. (IDC)
  • 1.43 billion smartphones shipped in 2015. (IDC)
  • 40 billion wireless connected devices will be active in 2020. (ABI Research)
  • 19 billion Bluetooth-enabled gadgets will ship over the next five years. (ABI Research)
  • 400 million BLE Beacons will ship by 2020. (ABI Research)
  • 40 percent of the top 100 discrete manufacturers will rely on connected products to provide product as a service. (IDC)

While not all of the forecasts match up completely, they all share the same upward trajectory. Safe to say, the IoT is here!

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