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10 Stunning Stats and Facts on Internet of Things

Internet of Things Technology

Internet of Things Technology

Table Of Content
  • Introduction
  • Internet of Things
  • Stunning IoT Stats
  • There Will Be 20.5 Billion IoT Devices By 2020
  • By 2021, Maximum 90% Of Automobiles Will Connect To The Internet
  • 3 Billion Cellular IoT Connections By 2022
  • Generally, 125 Devices Are Connected To The Internet Per Second
  • Many Organizations Could Invest Up To $10 Trillion In Internet of Things By 2025
  • Economic Impact Of IoT Could Range Between $5 And $10 Trillion Per Year By 2025
  • Home IoT Market Is Expected To Grow To $55 Billion By 2022
  • By 2023, The Global IoT Healthcare Market Is Expected To Reach $140 Billion
  • Industrial Internet of Things Market Size is Most Predicted to Reach Out $124 Billion
  • 2023, Both Software and Hardware Combinations May Develop for Adding an IoT System Security
  • Final Thoughts
 

Introduction

Internet of Things is a tech buzz word and it is an integral technological revolution for many industries. Over the past few years, you have already seen the Internet of Things based Projects grow from a theoretical concept to the major priority for several organizations. As more companies can integrate IoT into their network infrastructures, they are seeking for innovative ways to utilize them and also maintain the data they gather.

Internet of Things

 

In general, Internet of Things determines a wide range of internet-connected devices which can communicate with other devices and networks. In fact, they perform many functions but are the most often useful to collect data’s and perform some particular actions. Further, the benefit of IoT devices is that connectivity improves the functionality. They can connect to a broader network and they have an extensive functionality with hardware capabilities.

Stunning IoT Stats

  • There will be 20.5 Billion IoT devices by 2020
  • By 2021, maximum 90% of automobiles will connect to the Internet
  • 3 billion cellular IoT connections by 2022
  • Generally, 125 devices are connected to the internet per second
  • Many organizations could invest up to $10 trillion in Internet of Things by 2025
  • Economic impact of IoT could range between $5 and $10 trillion per year by 2025
  • Home IoT market is expected to grow to $55 billion by 2022
  • By 2023, the global IoT Healthcare market is expected to reach $140 billion
  • Industrial Internet of Things Market Size is Most Predicted to Reach Out $124 Billion
  • 2023, Both Software and Hardware Combinations May Develop for Adding an IoT System Security

There Will Be 20.5 Billion IoT Devices By 2020

There is a lot of devices when it is looking for the raw number of connecting devices, which predicts the connected to the internet by the end of its decade. In addition, the context will take a moment to look at the difference between a million in terms of its time.

  • 1M seconds is rough equals to the 11.5days
  • 1B seconds is equal to 31.75 years

By 2021, Maximum 90% Of Automobiles Will Connect To The Internet

In this autonomous vehicles are coming which its people may like it or not. While its precise the several numbers of difficult to determining and the automotive industry spent around $46 Billion among the research and development of its self-driving cars in 2016 itself. There is a driverless car that may not take over the highways soon. It requires to gather and to analyze the wide amounts of data that may demand more sophisticated edge data centers that allow for directing the resulting digital traffic using IoT Trends in 2020.

3 Billion Cellular IoT Connections By 2022

In this IoT growth, highly due to accelerating the pace of deployments in China. In order to, the northeast Asia market alone will expect to account for 2.2 Billion connections by 2023. Especially, the short-range of IoT devices are expert to see the greatest increase, but it is a wide area and also a cellular internet connecting device which its forecast to enhance at an annual rate of about 30% by the same year.

Generally, 125 Devices Are Connected To The Internet Per Second

While the IoT devices are popping up everywhere, at the same time, there are several devices that were being added; every second offers a glimpse into widespread they have already become. There are many devices increasing, and IT professionals may need to more aware of potential threats. Every device may represent various attack vectors for hackers and many devices coming into the workplace.

Many Organizations Could Invest Up To $10 Trillion In Internet Of Things By 2025

There are various companies that are already identifying IoT devices as clear value-adding for their business. The technology sector clothing manufactures, healthcare caters around the world are investing in the latest way to leveraging the potential of interconnecting devices.

Economic Impact Of IoT Could Range Between $5 And $10 Trillion Per Year By 2025

Particularly, the IoT growth may occur continuously despite the several numbers of promising applications technology as well as several companies are already utilizing to IoT technology are doing more modestly. In this smart, sensors may track the products flowing via their supply chain.

Home IoT Market Is Expected To Grow To $55 Billion By 2022

According to smart home devices, most people may use to automate lighting, entertainment, climate, appliance, and also security system — for example, Smart speaker devices.

By 2023, The Global IoT Healthcare Market Is Expected To Reach $140 Billion

The healthcare is one of the promising use cases for the IoT technology which its market sector is expected to grow by its 12 percent annually from 2017 to 2023. Also, the potential to telemedicine and also a wearable sensor may create it possible for medical professionals to best monitoring and treat patients. As well as, the healthcare sectors may face a unique challenge owing to the compliance demands in IoT security. It helps the technology, which is applied more broadly in the upcoming years.

Industrial Internet of Things Market Size is Most Predicted to Reach Out $124 Billion

To consider the IoT is changing the industries, companies, and also some countries, it is simple to see that the industrial IoT market is going to see a wide rapid expansion. Important to realize, the predictions for the market sizes are that it is going to reaching a $124 Billion is less than three years. Improving automation in industrial processes is going into the next big thing. IoT can seem to the better candidate for the task. Manufacturing machines and sections will communicate between themselves more efficiently using this technology.

2023, Both Software and Hardware Combinations May Develop for Adding an IoT System Security

It is one of the major concerns regarding the current IoT industry. In order to, several companies may implementing the systems that can increase the data security of IoT deveices. Also, the current state of IoT security is still lacking.

Final Thoughts

In the final analysis, there are many predictions about the IoT market, and it is not a simple way to decide which ones may actually come true. While it will consider the new IoT trends, we can even say that it didn't really matter.

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