IoT Analytics Statistics


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

LLCBuddy editorial team did hours of research, collected all important statistics on Iot Analytics, 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 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Iot Analytics Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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On this page, you’ll learn about the following:

Top Iot Analytics Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 91 Iot Analytics Statistics on this page 🙂

Iot Analytics “Latest” Statistics

  • 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.[1]
  • With 37% of all worldwide IoT expenditure in 2018, the Asia Pacific region has the greatest regional market share.[1]
  • Between 2015 and 2019, consumer expenditure on smart home related products climbed globally by at least 12% year-over-year.[1]
  • Overall, 81% of respondents think that IoT may be utilized to enhance traffic management in smart cities. Digital signage waste reduction, among other things.[1]
  • 27% Identified or located sensitive data created by an IoT device.[1]
  • The IoT market is currently worth approximately $800 billion and is expected to grow to almost $1.1 trillion at a CAGR of 13% in 2024.[1]
  • Attacks on IoT devices that might have a negative effect on crucial activities, as reported by respondents to the survey (33%).[1]
  • Consumer expenditure on smart homes fell by 9.47% in 2020 when the epidemic was at its worst.[1]
  • According to GSMA Intelligence, the projected worldwide IoT revenue for 2020, adjusted for the impacts of the pandemic, is $381 billion.[2]
  • GSMA Intelligence 2020 reports a 65% expense reduction, 68% revenue increase, and 53% of regulatory compliance.[2]
  • $906 billion is the projected 2025 worldwide IoT revenue after accounting for pandemic impacts.[2]
  • IoT security services are expected to have a market value of $168 billion by 2026, according to Cision, as a result of the requirement to protect IoT.[2]
  • The market share of modules and sensors, the top IoT technology category, in 2020 was 28.6%, according to IDC.[2]
  • By 2026, there will be an estimated 5.7 billion internet of things devices using cellular networks.[2]
  • IoT device connections are estimated to make up 11.7 billion of the 21.7 billion active connected devices in the globe.[2]
  • From 2020 to 2027, the smart clothing market will expand at a CAGR of 24.4%, reaching us $6,418.08 million.[2]
  • An estimated $124 billion will be invested globally in smart city initiatives.[2]
  • IoT analytics anticipates a 9% increase to 12.3 billion active endpoints in the number of connected IoT devices worldwide in 2021.[3]
  • The Internet of Things industry is anticipated to increase by 18% to 14.4 billion active connections in 2022.[3]
  • The Internet of Things (IoT) market recovery is still being slowed down by the chip scarcity, according to the most recent state of IoT Spring 2022 analysis published in May 2022.[3]
  • The number of IoT devices that are active is expected to grow to 10 billion by 2020 and 22 billion by 2025.[3]
  • Microsoft Azure and Amazon AWS grew 93% and 49% respectively (within the last 12 months) with their IoT portion contributing significantly to the growth.[3]
  • According to IoT Analytics, 24% of initiatives also improve general safety, for instance by providing improved monitoring systems with real time warnings and notifications.[4]
  • 77% of executives in the industry firmly think that IoT technology will enable them to turn offices into smart workplaces.[4]
  • IoT statistics for 2022 indicate that there will be roughly 29 billion linked devices.[4]
  • More than 70% of public sector organizations assess the potential of new technologies, but only approximately 25% complete full adoption.[4]
  • Google Cloud IT (24%), Amazon AWS IoT (19%), and Cisco IoT Services (13%) are the next two most-preferred platforms.[4]
  • A 2020 forecast showed the growth would be at $14.5 billion, with a Compound Annual Growth Rate (CAGR) of 19.6%.[4]
  • In 2018, the worldwide market value of IoT in education was $4.8 billion and was expected to grow at a CAGR of 18.8% through 2023.[4]
  • According to data on the Internet of Things, 28% of executives expect to spend in IoT security over the course of the next year.[4]
  • IoT statistics for the healthcare market show a projected growth at CAGR of 30.8% from 2017 when the healthcare IoT market was valued at $41.22 billion.[4]
  • By 2025, industries are expected to contribute between $1.2 and $3.7 trillion to the worldwide IoT income.[4]
  • According to Morgan Stanley, the industrial IoT industry will be worth $110 billion by 2020 and $124 billion by 2021.[4]
  • Only 35% of Internet of Things initiatives are utilized to boost income, for example by introducing new IoT connected goods and services.[4]
  • By 2025, IoT market is set to be worth up to $94.44 billion with a CAGR of 21.5%.[4]
  • With an amazing 46% growth in sales, Samsung retained second position with a 10.1% share, especially well suited for the galaxy watch 4 series.[4]
  • The automotive IoT industry was estimated to be worth $15.87 trillion in 2015, with an eight year CAGR of 26.5%.[4]
  • The global utility IoT market is expected to hit $129.1 billion by end-2032 with an 11.9% compound annual growth rate (CAGR).[4]
  • 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.[4]
  • According to Markets and Markets, the worldwide IoT in the manufacturing market was valued at $10.45 billion in 2016 and is set to grow at a CAGR of 29% through 2022.[4]
  • 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.[4]
  • 39% of firms fail to harvest or analyze data from corporate networks, losing out on information that may help them make better business choices.[4]
  • IoT in automation is expected to gain up to $148.6 billion in revenue by 2027 with a 11.4% CAGR from 2022.[4]
  • The banking and financial services industry is expected to develop at a CAGR of 52.1% from $0.17 billion in 2017.[4]
  • 5.7 billion projected internet of things devices are expected to utilize cellular networks by the year 2026.[5]
  • Microsoft’s Azure IoT suite is preferred by 29% of developers for enabling linked devices in their software applications.[5]
  • Only 29% of executives thought that their IoT strategy will increase corporate productivity, according to a global study of IT and business decision makers.[5]
  • According to the Internet of things growth statistics, the industry will see 130 million more IoT endpoints compared to 2019 figures.[5]
  • According to the Ericcson’s mobility report, there would be 1.5 billion IoT devices with cellular connections in 2023.[5]
  • According to Gartner figures, by the year 2021, there will be 25 billion IoT devices.[5]
  • Telecom is the industry leader in terms of the average implementation percentage of high potential use cases at 36%.[5]
  • According to IoT data, more than 78% of government employees said that machine learning technologies are being used either now or in the past.[5]
  • Microsoft Azure and Amazon AWS grew 93% and 49% respectively with their IoT portion contributing significantly to the growth.[5]
  • Most IoT developers use Eclipse Desktop IDE, while 35% use Visual Studio Code.[5]
  • Of the 1,600 actual enterprise IoT projects in progress, the highest were in the segments of Smart City (23%), Connected Industry (17%), and Connected Building (12%).[5]
  • Over 70% of healthcare organizations that use IoT devices utilize them for monitoring and maintenance.[5]
  • Predictions show that by 2021, spending on security measures will increase by 28% compared to 2018.[5]
  • Just 16% of corporate executives anticipated a significant boost in revenues as a result of their IoT investment, yet 32% actually used IoT.[5]
  • By 2020, the IoT market alone will be valued $581 billion, expanding at a CAGR of between 7 and 15%.[5]
  • The lowest implementation of high potential use cases across IoT market segments is seen in energy & utilities (18%) and automotive (17%).[5]
  • According to Aruba, 47% of healthcare IoT users link their devices to location based services, and 50% employ remote operation and control.[6]
  • Cost reductions were cited as a major benefit by 73% of respondents, while visibility across the company was cited by 76% of respondents.[6]
  • Increased creativity is seen by 80% of healthcare company leaders as the main benefit of IoT adoption.[6]
  • 95% of company owners in the construction sector think that new technologies, such as IoT, will profoundly alter their sector.[6]
  • 74% of respondents think their sector will change due to technology during the next 5 years.[6]
  • IoT technologies, according to Scand, may save healthcare organizations $100 billion annually by decreasing inefficiencies.[6]
  • 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.[6]
  • 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.[6]
  • In hospitals, clinics, and medical offices in 2020, an estimated 646 million IoT devices were utilized.[6]
  • In the US, yield mapping technology is used to track the yield and moisture of around 35% of the maize that has been planted.[6]
  • Due to the absence of internet access on 25% of remote farms in the us, most agricultural IoT solutions are challenging to adopt.[6]
  • Over 50% of the rice acres in the us are planted, fertilized, and harvested utilizing automated guidance and steering systems, which are quite popular for many planted crops.[6]
  • Businesses anticipate that IoT and other digital technologies will increase efficiency by 12%.[6]
  • Over 70% of developers used FreeRTOS last year, showing that they are open to other options.[6]
  • According to corporate customers and IoT solution providers, 40% of IoT initiatives in 2020 were mainly unsuccessful, while 18% of them were completely failed.[6]
  • 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.[6]
  • According to eMarketer, it is expected that by 2025, 48.4% of US homes would have a smart home device, up from roughly 41.9% in 2021.[6]
  • 91% of industrial manufacturing companies in Germany invest in digital factories using IoT technologies.[6]
  • 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.[6]
  • Linux is by the top Edge/Gateway operating system for IoT, comprising 43% of all gateways and edge nodes.[6]
  • The fastest growing IoT sector overall between 2016 and 2017 was manufacturing, with an increase of 84%.[6]
  • Smart agricultural solutions are being developed by the majority of internet of things developers (26%) with industrial automation being another prominent area of concentration (26%).[6]
  • Corn is the crop that uses guiding systems the most, with about 70% of this crop being planted and produced using this technology.[6]
  • According to Palo Alto Networks, 83% of medical imaging equipment use unsupported operating systems.[6]
  • Over 800 million smart home devices were shipped in 2020, an increase of 4.5% over 2019.[6]
  • The “Smart agriculture” or “smart farming” market is predicted to be worth $22 billion by 2025 as farmers worldwide seek to utilize RFID, GPS, drones, sensors, and more to gather actionable data and to automate every part of the process.[6]
  • The market for agricultural sensors was estimated to be worth $1.34 billion in 2020, and it is anticipated to grow at a CAGR of 13.6% between 2021 and 2028.S[6]
  • 6% of IoT initiatives worldwide are related to the health sector, with the Americas accounting for 55% of those projects.[6]
  • IoT investments from the industrial sector totaled $237.59 billion in 2021, growing at a compound annual growth rate of 8%.[6]
  • Patient monitors, which account for 64% of all healthcare IoT devices, energy meters, which account for 56%, and imaging equipment, which account for 33%.[6]
  • WIFI and ethernet are the leading two networking protocols for internet of things devices, each being utilized by 44% of them.[6]

Also Read

How Useful is Iot Analytics

IoT analytics refers to the process of analyzing data generated by connected devices to gain insights, identify patterns, and make informed decisions. This data can come from various sources such as sensors, cameras, smartphones, and other smart devices. By applying advanced analytics techniques to this data, businesses can uncover valuable information that can help them improve efficiencies, predict potential issues, and personalize customer experiences.

One of the most significant benefits of IoT analytics is its ability to enhance operational efficiency. By monitoring and analyzing data from connected devices, businesses can identify bottlenecks, optimize workflows, and automate routine tasks. For example, in manufacturing industries, IoT analytics can help track equipment performance in real-time, predict maintenance needs, and streamline production processes. This can result in cost savings, improved productivity, and increased overall efficiency.

Moreover, IoT analytics can also drive innovation and enable businesses to stay ahead of the competition. By analyzing data from connected devices, businesses can identify new product opportunities, uncover market trends, and innovate their offerings to meet customer demands. For example, in the healthcare industry, IoT analytics can help healthcare providers deliver personalized patient care, monitor patient health remotely, and improve treatment outcomes. This can lead to the development of new services, products, and business models that can disrupt traditional industries and create new revenue streams.

Furthermore, IoT analytics can also enhance customer experiences. By analyzing data from connected devices, businesses can gain a deeper understanding of their customers’ preferences, behaviors, and needs. This insights can help businesses personalize their products and services, tailor their marketing efforts, and build stronger relationships with their customers. For example, in the retail sector, IoT analytics can help retailers understand their customers’ shopping habits, offer personalized promotions, and improve the in-store experience. This can result in higher customer satisfaction, increased loyalty, and ultimately, higher revenue.

However, despite the numerous benefits of IoT analytics, there are also challenges and limitations that businesses need to be aware of. One of the main challenges is data security and privacy. With the vast amount of data being generated by connected devices, businesses need to ensure that proper security measures are in place to protect sensitive information from cyber threats. Moreover, businesses need to be transparent about how they collect, use, and share data to maintain customer trust and comply with regulations.

In conclusion, IoT analytics holds great promise for businesses looking to harness the power of interconnected devices and data. By leveraging advanced analytics techniques, businesses can gain valuable insights, improve operational efficiency, drive innovation, and enhance customer experiences. While there are challenges and limitations that need to be addressed, the potential benefits of IoT analytics far outweigh the risks. It is crucial for businesses to embrace IoT analytics as a crucial tool in their digital transformation journey.

Reference

  1. explodingtopics – https://explodingtopics.com/blog/iot-stats
  2. financesonline – https://financesonline.com/iot-statistics/
  3. iot-analytics – https://iot-analytics.com/number-connected-iot-devices/
  4. techjury – https://techjury.net/blog/internet-of-things-statistics/
  5. webinarcare – https://webinarcare.com/best-iot-analytics-software/iot-analytics-statistics/
  6. comparitech – https://www.comparitech.com/internet-providers/iot-statistics/

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