Industrial IoT Statistics

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Industrial IoT Statistics 2023: Facts about Industrial IoT outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Industrial IoT, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Industrial IoT Statistics 2023

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Industrial IoT “Latest” Statistics

  • By 2025, it is anticipated that over 400 million homes will have smart home systems and appliances.[1]
  • According to projections, the IoT healthcare industry would increase at a compound yearly growth rate of 19.8% from 60.83 billion in 2019 to 260.75 billion by 2027.[1]
  • According to a survey by reports and data, the worldwide IoT market for agriculture is expected to reach 30.8 billion in 2028, with a CAGR of 10.6% over the projected period.[1]
  • According to grand view research, the global market for IoT in healthcare is expected to reach $534.3 billion by 2025.[1]
  • 43% of shops are concentrating on avoiding data breach occurrences, while 57% of businesses have already taken efforts to strengthen privacy protections.[2]
  • Forbes reports that from 813 million malware attacks involving IoT devices in 2018 to a startling 2.9 billion incidences already the following year.[2]
  • The IoT data and difficulties anticipated for this sector show that 123456 was the most successful router password used by online criminals in 2018.[2]
  • In only five minutes after being online, the typical IoT device experiences an assault, according to IoT-based attacks data for 2019.[2]
  • By 2025, there will be over 80 billion linked devices, predicts Vernon Turner, vice president of IDC.[2]
  • According to current IoT device data, there will be over 3.5 billion of them by 2023, with Asia leading the way.[2]
  • Recent figures on IoT healthcare devices indicate that throughout 2021, the industry’s CAGR for IoT is expected to be 28.6%.[2]
  • 41% of users say they are okay with their health information being used to study the connection between exercise and heart diseases.[2]
  • Another risky decision, no password at all, came in second and accounted for 17% of all IoT assaults.[2]
  • Compared to 2018, 56% more devices are exposed to viruses and assaults because of Windows 7’s end of support.[2]
  • With a CAGR of 21.38%, yearly worldwide expenditure on security measures for IoT networks is anticipated to increase from 91 million in 2016 to 631 million in 2021.[2]
  • Economic frontiers according to IoT projections, over the next 30 years, IoT technology will enhance the United States’ GDP by 10%.[2]
  • Even if statistics indicate that the worldwide market value of IoT technology is declining, hardware still makes up 30% of the overall value of the technology.[2]
  • However, a quick review of IoT device data reveals that just 0.06% of presently capable devices are linked to the internet.[2]
  • However, figures on IoT growth reveal that the CAGR decreased to 8.2% in 2020, which is a nearly twice as low rise as the predicted 14.9% by the end of 2019.[2]
  • The emerging countries will account for around 40% of the global value of technology if we choose to be positive about these measurements.[2]
  • According to IoT brand data, 34% of companies want to see IoT solutions adopted across the board, which would boost industry development over the next ten years.[2]
  • 67% of these devices, according to IoT predictions, will be located in China, North America, and Western Europe.[2]
  • In 2030, it’s predicted that there will be over 25.4 billion active internet of things devices.[2]
  • The UK, with 41% of businesses using IoT technology, and Germany, with 35%, follow the U.S. in that order.[2]
  • With 44% of businesses currently using the technology, the U.S. is leading the way in the deployment of full.[2]
  • According to the most recent statistics, the price decreased by an additional 37% to $0.38 in 20.20.[2]
  • By 2025, the production will reach 731 ZB, which is equivalent to 42.2% of the output in 2019 when 173 ZB of data were generated.[2]
  • Patient falls decreased by 45%, bedsores decreased by 60%, and code blue incidents decreased by 80%.[2]
  • 92% of participants in these IoT data from 1600 customers in eight countries want to be in charge of the kinds of automatically obtained personal information.[2]
  • The IoT healthcare sector is anticipated to develop at a CAGR of 19.9% over the next five years because of the IoT market’s fast expansion and the growing need for real.[2]
  • Sensor processing was rated as the most significant area of concentration in a 2021 study on the future of IoT developments, receiving 48% of the vote.[3]
  • The most recent statistics available indicate that there is around 7.74 billion linked internet of things devices.[3]
  • With 37% of all worldwide IoT expenditures in 2018, the Asia-Pacific region has the greatest regional market share.[3]
  • Between 2015 and 2019, consumer expenditure on smart home-related products climbed globally by at least 12% year over year.[3]
  • Overall, 81% of respondents think IoT may be utilized to enhance traffic management in smart cities. Digital signage waste reduction, among other things.[3]
  • Only one of these locations is expected to have had a share rise or loss of greater than 2% by 2023.[3]
  • Safeguarding sensitive data produced by an IoT device 31% finding or identifying private data produced by an IoT device 27% IoT gadget theft or loss.[3]
  • Video entertainment is 192.1 billion 64.6% of total projected spending in the smart home category in 27.8 billion smart speakers or 9.3%.[3]
  • Attacks on IoT devices might have a negative effect on crucial activities, as reported by respondents in the survey, 33%.[3]
  • That amount indicates an increase of 12% over January through June 2020 and an additional 28% over July through December of that same year.[3]
  • Unsurprisingly, consumer expenditure on smart homes fell by 9.47% in 2020 when the epidemic was at its worst.[3]
  • In light of this, shipments of TWS earbuds and wearable bands will expand globally between 2020 and 2024, rising from an anticipated 436.5 million units in 2020 to 760.4 million pieces in 2024.[4]
  • According to Deloitte 2020, 50% of IoT platforms target the manufacturing and industrial sectors.[4]
  • Furthermore in the U.S., 39.8% of smart speaker users listen to their daily music streaming service on them.[4]
  • Meanwhile, 33.9% use their smart assistant to check the weather, and 29.4% use it to ask questions every day.[4]
  • Meanwhile, it was anticipated that consumer expenditure on IoT solutions will increase by 13.9% in 2020.[4]
  • Software solutions, on the other hand, will have the strongest growth in the technology sector over the next five years, with a CAGR of 13.5% and an emphasis on application and analytics software acquisitions.[4]
  • The number of wide-area internet of things devices was 19 million in 2020, and by 2026, it is expected to reach 63 million.[4]
  • With growth rates of 14.5%, 12.3%, and 11.9%, respectively, it was anticipated that the healthcare, insurance, and educational sectors would have the largest industrial increases in IoT investment.[4]
  • According to the Transforma Insights in 2020, the consumer market accounted for over 5.4 billion linked IoT devices, or 60% of the total.[4]
  • IT automation technology is used by 50% of the firms in these areas, and 12% of them say they expect to employ it during the next year.[5]
  • 5G will continue to be the primary element fostering the development of IoT in the future, according to Ericsson.[5]
  • 92% of 1,600 customers in eight countries who participated in an economic intelligence unit poll said they wanted to have control over the personal information that is automatically gathered.[5]
  • According to respondents, gigabit wifi networking is the second most popular trend among IT organizations in 20.21, only behind IT automation technologies.[5]
  • By 2023, 70% of light-duty trucks and cars will be connected to the internet.[5]
  • North American markets will expand the greatest compared to other regions of the globe, accounting for 63% of mobile subscriptions.[5]
  • Consumer expenditure on products connected to smart homes by 2025, 88 billion people will inhabit the planet.[5]
  • By 2023, according to forecasts, the market share for connected automobiles will represent 39% of all 5G IoT endpoints.[5]
  • However, it is anticipated that revenue from IoT sensors would increase by more than 30% globally to 43 billion by 2025.[5]
  • In 2020, 47% of online IoT devices used licensed low-power wide-area, compared to 53% of unlicensed ones.[5]
  • By 2025, this industry will actually have the most cellular IoT connections, making over 25% of all cellular IoT connections worldwide.[5]
  • One year later, the situation is reversed, with licensed LPWA dominating with a market share of 54% over an unlicensed LPWA share of 46%.[5]
  • The present scarcity is so widespread that in their conference calls during the second quarter of 20.21, 11% of the 3,000 public corporations that were studied cited it.[5]
  • The NB-IoT narrowband internet of things connections’ exponential development, which increased by 75% YoY year over year in 2021, causes this transition.[5]
  • By 2025, the number of IoT-connected devices is predicted to reach 30.9 billion units globally.[5]
  • The actuals for IoT devices in 2021 and the current prediction for 2025 are both lower than expected.[6]
  • IoT analytics anticipates a 9% increase to 12.3 billion active endpoints in the number of connected IoT devices worldwide in 2021.[6]
  • The internet of things industry is anticipated to increase by 18% to 14.4 billion active connections in 2022.[6]
  • In comparison to prior years, the number of worldwide IoT connections increased by just 8% in 2021 to 12.2 billion active endpoints.[6]
  • In 20.18, 90% of senior management personnel said that IoT is essential to some or all of their organization’s activities.[7]
  • By the end of 2019, 93% of businesses will have implemented or are adopting some kind of IoT technology.[7]
  • 98% of corporate executives are aware of the internet of things, yet many are confused about its precise meaning.[7]
  • The fact that the answer is expected to be 31 billion, despite the difficulty of providing it, will astound you.[7]
  • While there are many forecasts for the future we cannot be 10% certain that they will come true due to the volatility of digital markets.[7]
  • By 2030, the U.S., Western Europe, and China are anticipated to account for 70% of worldwide investment in smart cities.[8]
  • 74% of customers believe connected items may make minor privacy intrusions result in the loss of civil rights.[8]
  • IoT survey results show that efficiency and the development of new capabilities for enterprises are the major advantages of IoT.[8]
  • Following the covid 19 outbreak, 47% of firms intend to make additional internet of things IoT expenditures, while 35% of organizations have already scaled down their spending.[8]
  • The three industries with the highest expected increases in IoT expenditure are healthcare (15%), insurance (12%), and education (12%).[8]
  • Compared to the previous three years, manufacturing businesses plan to increase expenditures by almost two times and construct 40% more smart factories during the next five years.[8]
  • 27% of global expenditure is expected for North America, and 25% for Europe, the Middle East and Africa.[8]
  • Security even in 2018, 22% of organizations were prepared to spend extra on IoT hardware in order to allay their worries about IoT security.[8]
  • By the year 2022, the industry is predicted to have a 12% market share for the penetration of IoT semiconductor components.[8]
  • Experts expect that the market for IoT devices would reach 1.1 trillion by the year 2026. 93% of businesses plan to use IoT technology.[9]
  • 94% of executives surveyed by Deloitte industry 40, who represented 361 executives in 11 nations, cite digital transformation as their organization’s top strategic objective.[10]
  • According to a Gartner report, 80% of questioned firms that have deployed IoT are seeing greater returns than predicted.[10]
  • IDC analysis indicates that by 2025, the operational gains brought about by IoT applications may be worth more than 470 billion annually.[10]
  • The german division of PWC reports that 91% of those polled are investing in digital manufacturing, while just 6% believe their factories are completely digitalized.[10]
  • It is anticipated that global expenditure on IoT platforms for manufacturing would increase from 1.67 billion in 2018 to 12.44 billion in 2024, growing at a 40% compound annual growth rate CAGR during that period.[10]
  • According to IBM, optimizing industrial processes using IoT insights may increase the number of products produced from a given production line by up to 20%.[10]
  • Reporting to the ITIF by 2025, IoT solutions for machine usage monitoring might generate up to 18 trillion in global economic value and enhance industrial productivity by 10% to 25%.[10]
  • IoT and food and beverage traceability the market for Facebook manufacturing was estimated to be worth $4.08 billion in 2017 and is projected to increase by 95% annually to reach $8.43 billion by 2025.[10]
  • Lack of competent personnel 72% of organizations, according to INMARSAT, see a scarcity of IoT.[10]
  • According to research by Accenture, 44% of companies have trouble accessing the necessary funding and have weak information and communications infrastructure. 42% of respondents responded that their inability to adapt is because of a lack of government help.[10]
  • In the provided forecast period, the global IoT sensor market is anticipated to reach more than 68 billion by 2024 at a CAGR of 40%.[10]
  • According to the same source, switching to intelligent IoT supply chain management systems is expected to boost supply chain productivity by 15% and lower costs by 10%.[10]
  • According to management consulting company, McKinsey company, the widespread use of predictive maintenance technology may cut maintenance costs for businesses by 20%, cut the number of unexpected outages by 50%, and increase the lifespan of equipment by years.[10]
  • 30% of firms questioned think the IoT will improve their understanding of machine health in their plants even if the equipment is almost nine years old.[10]
  • 24% of initiatives also improve general safety, for instance by providing improved monitoring systems with real-time warnings and notifications.[11]
  • 77% of executives in the industry firmly think that IoT technology will enable them to turn offices into smart workplaces.[11]
  • IoT figures show that apple maintained its market dominance in the first quarter of 2022 with a 36.1% share, up 14% YoY from the first quarter of 2021.[11]
  • IoT statistics for 2022 show that there will be roughly 29 billion linked devices. IoT-related spending of 18 billion.[11]
  • Only 29% of executives anticipated their IoT strategy to increase corporate productivity, according to a global poll of it and business decisions.[11]
  • According to estimates, the U.S. was home to more than two-thirds of the IoT businesses financed between 2012 and 2017.[11]
  • Can IoT function without the internet? According to the latest internet of things hacking estimates, one billion IoT devices were hacked in 2021.[11]
  • Smart device data indicate that from 2016’s 325 million, the worldwide total will have increased by 780 million.[11]
  • Data from the internet of things for 2021 indicate that this transformation’s technology is currently accessible.[11]
  • The same survey found that more than 70% of public sector organizations assess the potential of new technologies, but only approximately 25% complete full adoption.[11]
  • The next two most popular systems are Cisco IoT services (13%), followed by Amazon AWS IoT (19%).[11]
  • Making sense of this data remains a challenge even though 98% of firms employing IoT are obtaining a large amount of data from their operations.[11]
  • In contrast, an estimate for 2020 indicated that growth would reach 145 billion with a CAGR of 19.6%.[11]
  • IoT in education had a market worth 4.8 billion in 2018 and was projected to increase at a CAGR of 18.8% through 2023.[11]
  • According to data on the internet of things, 28% of executives expect to spend on IoT security over the course of the next year.[11]
  • According to IoT data, the healthcare industry is expected to increase at a CAGR of 30.8% from 2017, when the market’s worth was $41.22 billion.[11]
  • According to IoT data, more than 78% of government employees said that machine learning technologies are being implemented either now or in the near future.[11]
  • By 2025, industries are expected to contribute between 12 and 37 trillion to the worldwide IoT income.[11]
  • According to Morgan Stanley, the industrial IoT industry will be worth 110 billion by 2020 and 124 billion by 2021.[11]
  • Only 35% of internet of things initiatives are utilized to boost income, for example by introducing new IoT connected goods and services.[11]
  • Manufacturing is another important industry. 33% manufacturing production asset upkeep consumer goods, intelligence, and product quality improvement 27% monitoring shipping conditions and production intelligence.[11]
  • Cost (50%) and maintenance (44%) are other significant hindrances to adoption, as is the integration of old technology (43%).[11]
  • According to recent estimates, this market is expected to reach a value of up to 94.44 billion by 2025, with a CAGR of 21.5%. Business wire markets & markets as a source enterprise insider.[11]
  • With an amazing 46% growth in sales, Samsung retained the second position with a 10.1% share, especially well suited for the galaxy watch 4 series.[11]
  • When manufacturing is broken down by industry, it is clear that utilities are 58%, power and energy 64%, and aviation and aerospace (62% ).[11]
  • In a similar vein, whereas just 16% of company executives expected significant profit growth as a result of their IoT investment, 32% actually saw IoT.[11]
  • The automotive IoT industry was estimated to be worth $1.58 trillion in 2015, with an eight-year CAGR of 26.5%.[11]
  • By the end of 2032, the worldwide utility IoT market is anticipated to reach $129.1 billion with a CAGR of 11.9%.[11]
  • The North American consumer electronics market for the internet of things is anticipated to increase at a CAGR of 12.25% from 90 billion in 2017 to 180 billion in 2022.[11]
  • In answer to whether they are very sure that they are integrating enough digital trust controls into their IoT initiatives, the range is substantially broader, ranging from 33% to 54%.[11]
  • The market for IoT in manufacturing was estimated at $1045 billion globally in 2016, and it is anticipated to increase at a CAGR of 29% through 20.22.[11]
  • In 2020, there were 220 million linked vehicles on the road, and by 2040, it’s anticipated that 90% of all new cars would be IoT.[11]
  • In some other studies, very high figures have also been mentioned, such as 200 billion, according to intel.[11]
  • 39% of firms fail to harvest or analyze data from corporate networks, losing out on information that may help them make better business choices.[11]
  • An 11.4% CAGR from 2022 to 2027 is predicted for IoT in automation, which may increase revenue by up to $148.6 billion.[11]
  • The banking and financial services industry is expected to develop at a CAGR of 52.1% from 0.17 billion in 2017 to 20.3 billion.[11]
  • It is anticipated that the size of the worldwide IoT in the manufacturing market, which was estimated to be worth $198.25 billion in 2020, would increase to $1,495.65 billion by 2030, with a CAGR of 22.6% from 2021 to 2030.[12]
  • Two of the top three security challenges are related to email security, according to Cisco’s 2019 chief information security officer benchmark study.[13]
  • Under Cisco’s 2019 data privacy benchmark study, 59% of international organizations said that they now comply with all or most of the GDPR’s criteria.[13]
  • According to IDC, 40% of worldwide IT executives asked said they now use SD-WAN, and almost 55% more say they plan to in the next 24 months.[13]
  • Nearly 40% of the firms undertaking automation projects are doing so to increase labor productivity, according to a Capgemini poll that identified the top two goals driving automation initiatives.[13]
  • Nearly 50% of organizations are presently adopting UCC, according to an IDC study, while the fraction of those without UCC plans has decreased.[13]
  • A study of international it executives and service providers found that several industry areas anticipate a big effect from 5G.[13]
  • By 2023, 14.7 billion IoT devices will make up half of all globally networked devices, according to our estimate.[13]
  • By 2021, 50% of all workloads will be executed outside of corporate data centers, either in cloud non-cloud data centers or at the network edge, predicts the uptime institute.[13]
  • Among the technologies that will have the most effects on networking over the next five years are IBN (16%), SDN (23% ) and network automation (25%).[13]
  • Another 29% said that they would be GDPR-ready within a year, leaving 9% who stated that it will take longer.[13]
  • The expansion of smartphones, including phablets, from 4.9 billion in 2018 to 6.7 billion by 2023, at the second-highest CAGR of 7%, is another noteworthy development.[13]
  • By 2023, Asia Pacific will have downloaded 183.2 billion mobile apps, or 40.3% of all mobile applications, up from 120.7 billion at the end of 2018.[13]
  • According to the IBM Security and Ponemon Institute 2018 cost of data breach study, the average cost of a lost or stolen record is now $150 worldwide in 2019 compared to an average of 148 in 2018.[13]
  • According to IDC, 90% of applications will be supported by microservices architectures by 2022, enhancing the capacity to develop, debug, update, and use third.[13]
  • By 2023, APAC will have 3.1 billion internet users, up from 2.1 billion users in 2018 and 52% of the region’s population.[13]
  • By 2023, 49% of all networked devices in APAC will be mobile-linked, and 51% will be wired or connected through Wi-Fi.[13]
  • By 2023, 388 million people in cee will be online, representing 78% of the region’s population, up from 323 million in 2018.[13]
  • By 2023, mobile connections will account for 48% of all networked devices in cee, while wired connections or wifi connections will account for 52%.[13]
  • By 2023, LATAM will have 470 million internet users, up from 387 million in 2018, which represents 60% of the region’s population.[13]
  • By 2023, mobile connections will account for 49% of all networked devices in LATAM, while wired connections or Wi-Fi connections will account for 51%.[13]
  • By 2023, LATAM will have 520 million mobile users, up from 482 million in 2018, when 75% of the region’s population used mobile devices.[13]
  • There will be 1.0 billion mobile subscribers in MEA by 2023. 57% of the population in the area, up from 827 million and 53% in 2018.[13]
  • By 2023, 25% of networked devices in MEA will be wired or linked through Wi-Fi, with 75% of all networked devices being mobile-connected.[13]
  • There will be 329 million mobile subscribers in NA by 2023. 88% of the region’s population, up from 313 million and 86% in 20.18.[13]
  • The two areas with the greatest LPWA adoption rates by 2023 will be North America (37%) and Western Europe (28%).[13]
  • By 2023, 69% of all networked devices will be wired or linked through Wi-Fi, with 31% of all networked devices being mobile.[13]
  • There will be 365 million mobile subscribers in WE by 2023. 85% of the region’s population, up from 357 million and 84% in 2018.[13]
  • By 2023, consumers will account for 74% of all devices, including both fixed and mobile ones, with businesses taking responsibility for the remaining 26%.[13]
  • The second fastest-growing category of connected TVs, which includes flat-panel TVs, set-top boxes, digital media adapters, Blu-ray disc players, and gaming consoles, will expand to 3.2 billion by 2023 at a CAGR of just under 6%.[13]
  • The fastest-growing sector for connected automobile applications will have a 30% CAGR and include features like fleet management, in-car entertainment systems, emergency dialing via the internet, vehicle diagnostics, and navigation.[13]
  • By 20.23, connected house apps will account for almost half of all m2m traffic (48%), while connected vehicle applications will have the greatest growth (CAGR of 30%).[13]
  • Compared to the business sector, which will increase at a 12.0% CAGR, the consumer share will rise at a significantly slower pace of 91% CAGR.[13]
  • Growing global mobile subscriber base at a CAGR of 2%, the number of cellular service customers will increase from 5.1 billion in 2018 to 5.7 billion by 2023.[13]
  • Use cases for edge computing source connection techniques for heavy reading,1% of those surveyed n 60 telecom 23 businesses.[13]
  • Despite the fact that smartphone use is increasing significantly, the relative share has decreased from 56% in 20.1 to 51% in 20.23.[13]
  • From 2020 to 2023, the number of Wi-Fi and hotspots will increase 13 times, reaching 11% of all public Wi-Fi hotspots by that time.[13]
  • Globally, the consumer sector will account for 74% of all devices and connections, with the commercial segment accounting for the remaining 26%.[13]
  • Devices and connections are expanding more quickly (10% CAGR) than both the population (10% CAGR) and internet users (6% CAGR).[13]
  • By 2023, there will be 44 billion mobile m2m connections worldwide, a 30% CAGRand a fourfold increase from the 12 billion connections in 2018.[13]
  • Globally, assaults between 100Gbps and 400Gbps Y/Y increased by 776% from 2018 to 2019, and by 2023, the total number of DDoS attacks will have doubled from 7.9 million to 15.4 million.[13]
  • In fact, by 2023, around 60% of mobile devices and connections worldwide will be 4G capable, outpacing 3G and lower capable devices and connections by a factor of three.[13]
  • According to population, this accounts for 51% of the world’s population in 2018 and 66% of population penetration by 2023.[13]
  • M2M connections will have the fastest device and connection growth throughout the projected period, almost multiplying by 24 and expanding at a 19% CAGR to 14.7 billion connections by 2023.[13]
  • By 20.23, the Middle East and Africa will have the largest percentage of devices and connections using 3G or less.[13]
  • Mobility expansion by 2023, more than 70% of the world’s population will be connected through mobile.[13]
  • The advised course of action approximately 70% of data center networking procedures, according to Gartner, are carried out manually, which raises time costs, the chance of mistakes, and lowers flexibility.[13]
  • With 16% and 11% CAGR from 2018 to 2023, respectively, North America and Western Europe will have the fastest increase in mobile devices and connections.[13]
  • The rise of mobile subscribers is slowing down compared to that of internet users, partly because penetration levels have already surpassed the 60% mark.[13]
  • The second fastest growing market will be smartphones, with a 7% CAGR and a factor of 14 increase.[13]
  • The proportion of broadband connections that will be faster than 10 Mbps—96 by 25 Mbps—is shown at 88% by 2023 and 39% by area at 100 Mbps.[13]
  • At a CAGR of 10%, the number of 4G mobile connections worldwide will increase from 3.7 billion in 2018 to 6.0 billion by 2023.[13]
  • By 2023, 14% of all m2m connections will be LPWA connections, up from 223 million connections in 2018 to 1.9 billion connections in 2023.[13]
  • China, Japan, and the United Kingdom will be the top three 5G nations in terms of the percentage of devices and connections that use 5G by the year 2023.[13]
  • By 2023, there will be 5.7 billion mobile customers worldwide, up from 5.1 billion in 2018, or 66% of the world’s population.[13]
  • Compared to general consumption, the typical top 1% of mobile data customers’ monthly usage has been constantly declining.[13]
  • In 2018, there were 55% 3G and below connections; by the end of the predicted period, this number will drop to 29%.[13]
  • In 2018, there were 8.8 billion mobile devices and connections worldwide. By 2023, that number will rise to 13.1 billion, with a CAGR of 8%.[13]
  • 5.3 billion people will utilize the internet worldwide. By 2023, 66% of the world’s population will exist, up from 3.9 billion people and 51% in 20.18.[13]
  • Sadly, just 75% of Cisco study respondents said they knew what to do after a security violation.[13]
  • Unfortunately, up to 95% of network modifications are still done manually, which results in operating expenses that are two to three times as expensive as the network itself.[13]
  • Devices and connectivity for users have an increase in online users according to projections, there will be 5.3 billion internet users worldwide by 2023, up from 3.9 billion in 2018 at a 6% CAGR.[13]
  • We see a sharp reduction in the percentage of non-smartphones, which went from 27% in 2.4 billion to 11% in 1.5 billion.[13]
  • Only 3% of respondents in the worldwide study said they did not think the GDPR applied to their firm, even though it does for enterprises in the EU or the processing of personal data obtained about persons who are situated in the EU.[13]
  • While North America and Western Europe will see the greatest adoption rates during the projected period, the Middle East and Africa will experience the quickest growth, with a 4% CAGR from 2018 to 2023.[13]
  • By 2023, Wi-Fi and hotspots will have increased 13 times and makeup 11% of all public Wi-Fi hotspots.[13]
  • By June 20, the study’s tier 2 operators had reintroduced and promoted unlimited plans, which helped the top 1% produce 18% of the total traffic per month.[13]
  • 47% of healthcare IoT users link their devices to location-based services, and 50% employ remote operation and control.[14]
  • Cost reductions were cited as a major benefit by 73% of respondents, while visibility across the company was cited by 76% of respondents.[14]
  • Increased creativity is seen by 80% of healthcare company leaders as the major benefit of IoT adoption.[14]
  • 95% of company owners in the construction sector think that new technologies, such as IoT, will profoundly alter their sector.[14]
  • In addition, 74% of respondents think their sector will change because of technology during the next 5 years.[14]
  • Just 4% of all IoT projects worldwide are for smart agriculture, and roughly 40% of those initiatives are for smart agriculture, according to IoT analytics.[14]
  • IoT technologies, according to Scand, may save healthcare organizations $100 billion annually by decreasing inefficiencies.[14]
  • In the previous 18 months, 82% of healthcare firms using IoT devices had experienced a security breach, and 34% of respondents said the incident featured ransomware, according to a 2021 survey from Medigate and CrowdStrike.[14]
  • According to the USDA, GPS guidance systems were employed on at least 45 to 65% of planted crop acres in 2019 and had the greatest rate of acceptance throughout the agricultural sector.[14]
  • In hospitals, clinics, and medical offices in 2020, an estimated 646 million IoT devices were utilized.[14]
  • In the U.S., yield mapping technology is used to track the yield and moisture of around 35% of the maize that has been planted.[14]
  • Due to the absence of internet access on 25% of remote farms in the U.S., most agricultural IoT solutions are challenging to adopt.[14]
  • Over 50% of the rice acres in the U.S. are planted, fertilized, and harvested utilizing automated guidance and steering systems, which are quite popular for many planted crops.[14]
  • Businesses anticipate that IoT and other digital technologies will increase efficiency by 12%.[14]
  • Farmers may also change crop inputs according to growth circumstances at a rate of around 20% per planted acre by employing variable-rate technology and GPS for soil mapping.[14]
  • However, over 70% of developers used FreeRTOs last year, showing that they are open to other options.[14]
  • According to corporate customers and IoT solution providers, 40% of IoT initiatives in 2020 were mainly unsuccessful, while 18% of them completely failed.[14]
  • In 2021, 81% of construction organizations declared their intention to integrate robotic automation into their processes during the next ten years, partially in reaction to the rising skills shortage that 91% of them were experiencing.[14]
  • It is expected that by 2025, 48.4% of us homes would have a smart home device, up from roughly 41.9% in 2021.[14]
  • 91% of industrial manufacturing companies in Germany invest in digital factories using IoT technologies.[14]
  • Security is the top issue for IoT developers, accounting for 39% of their concerns, while connection and data collecting and analytics come in at 27% and 26%, respectively.[14]
  • 43% of all gateways and edge nodes use Linux, making it the most popular edge gateway operating system for IoT.[14]
  • The fastest-growing IoT sector overall between 2016 and 2017 was manufacturing, with an increase of 84%.[14]
  • Smart agricultural solutions are being developed by most internet of things developers (26%) with industrial automation being another prominent area of concentration (26%).[14]
  • Corn is the crop that uses guiding systems the most, with about 70% of this crop being planted and produced using this technology.[14]
  • IoT-driven smart cities of some form are involved in more than one-fifth of all publicly stated IoT initiatives, with most of these smart cities. 43% in North America were announced.[14]
  • According to Palo Alto Networks, 83% of medical imaging equipment uses unsupported operating systems.[14]
  • Precision agriculture, a kind of farming that employs technology to simplify and optimize every step of the agricultural process, was valued at 6 billion in 2020 and is anticipated to grow at a CAGR of 13.1% from 2021 to 20.28.[14]
  • A key element of the internet of things is and will remain smart home technology. In 2020, more than 800 million smart homes were supplied, a 45% increase from 20.19.[14]
  • Currently, that area employs more than 60% of all industrial robot units used globally, compared to only under 20% in Europe and roughly 13% in the Americas.[14]
  • By 2025, it is anticipated that the global market for “smart agriculture” would be worth $22 billion as farmers use RFID, GPS, drones, sensors, and other technologies to collect useful data and automate every step of the process.[14]
  • The market for agricultural sensors was estimated to be worth USD1.34 billion in 2020, and it is anticipated to grow at a CAGR of 13.6% between 2021 and 2028.[14]
  • 6% of IoT initiatives worldwide are related to the health sector, with the Americas accounting for 55% of those projects.[14]
  • IoT investments from the industrial sector totaled $23.759 billion in 2021, growing at a compound annual growth rate of 8%.[14]
  • Patient monitors account for 64% of all healthcare IoT devices, energy meters, account for 56%, and imaging equipment, accounts for 33%.[14]
  • Malware, human mistake, and DDoS assaults are the three most frequent security dangers to IoT, in that order.[14]
  • Wi-Fi and ethernet are the leading two networking protocols for the internet of things devices, each being utilized by 44% of them.[14]
  • By the end of this year, IP traffic is expected to exceed 206 zettabytes, up 76 zettabytes from 2016.[15]
  • For instance, manufacturers claim 82% higher efficiency, 49% fewer product faults, and a 45% improvement in customer acceptance, according to a study by the American Society for Quality.[15]
  • According to a recent Juniper research, there will be 36.8 billion industrial IoT connections globally by 2025, up from 17.7 billion in 2020, marking an overall growth rate of 10.7%.[16]
  • By 2025, the report predicts that software spending would account for more than 80% of the worldwide industrial IoT market value, totaling 216 billion.[16]
  • According to Infosys, 89% of manufacturing sectors recognize the value of data standards, but only 11% of them invest in putting such security controls and standards into place. Around 48% of manufacturing businesses have experienced cyberattacks.[17]
  • The same poll also revealed that up to 3 months slip by with regard to 71% of OT cybersecurity concerns.[17]
  • Security is utilized by 77% of IoT devices. Safe at last spending on IoT security measures is anticipated to reach $631 million in 2021 with a cagr of 21.38%. Forbes iot devices reported 813 million malware attacks worldwide in 2018.[18]
  • Review of albany business iot technology has increased the efficiency of around 83% of businesses. Dataprot additionally, up to 94% of merchants concur that there are more advantages to deploying iot than disadvantagesdataprot.[18]
  • Compromising hackers may get access to any insecure device that utilizes only one router. Symantec only 48% of companies are able to determine which of their iot devices have had a breach. Gemalto.[18]
  • It is predicted that there will be more than 10 billion active internet of things devices by 2021. Dataprot however, other studies claim that there are.[18]
  • The iot industry was projected to be worth $742 billion us in 2020. Compare this to 2017, when the market for iot was estimated to be worth $100 billion.[18]

Also Read

How Useful is Industrial Iot

One of the most significant benefits of IIoT is its ability to collect and analyze vast amounts of data in real-time. This data can provide valuable insights into equipment performance, production efficiency, and predictive maintenance needs. By leveraging this data, organizations can identify trends, make data-driven decisions, and optimize their operations for maximum output.

Additionally, IIoT enables remote monitoring and control of equipment and processes, allowing for more flexibility and responsiveness in an increasingly dynamic market. This remote access can improve decision-making, reduce downtime, and ultimately drive operational excellence.

Furthermore, IIoT can also enhance safety in industrial environments. With sensors and monitors in place, organizations can detect potential hazards, monitor employee activities, and ensure compliance with safety regulations. By proactively identifying risks and taking preventive measures, companies can create a safer work environment for their employees.

Another aspect where IIoT shines is in supply chain management. By connecting vendors, suppliers, and partners through a network of IIoT devices, organizations can track inventory levels, monitor shipments, and streamline operations. This increased visibility into the supply chain can lead to better coordination, reduced lead times, and improved customer satisfaction.

However, despite its numerous advantages, the utility of IIoT ultimately depends on the organization’s ability to leverage the technology effectively. Implementing IIoT solutions without a clear strategy or a well-defined roadmap can lead to wasted resources and missed opportunities.

Moreover, security concerns surrounding IIoT devices remain a significant challenge. As more and more devices are connected to the Internet, the risk of cyberattacks and data breaches increases. Organizations must invest in robust cybersecurity measures to protect their IIoT infrastructure and safeguard sensitive data.

Additionally, the high upfront costs associated with implementing IIoT solutions can be a deterrent for some organizations. From purchasing sensors and devices to integrating them with existing systems, the initial investment in IIoT can be substantial. Companies must carefully weigh the costs and benefits of IIoT adoption to ensure a positive return on investment.

In conclusion, the usefulness of IIoT technology cannot be understated. With its ability to drive operational efficiency, enhance safety, improve supply chain management, and provide valuable insights, IIoT has the potential to transform the manufacturing industry. However, organizations must approach IIoT implementation thoughtfully, taking into consideration factors such as security, costs, and strategy, to realize the full benefits of this revolutionary technology.


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  15. digi –
  16. juniperresearch –
  17. nih –
  18. pareteum –

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