For more than two years, BI Intelligence has closely tracked the growth of the IoT. Specifically, we've analyzed how the IoT ecosystem enables entities (i.e. consumers, businesses, and governments) to connect to, and control, their IoT devices in 16 environments, including manufacturing, the ...
BCG predicts that by 2020, €250B ($267B) will be spent on IoT technologies, products, and services. The greatest two sources of revenue growth in the IoT market will be from services and IoT applications investment.
The statistic shows the market size of the smart home market worldwide from 2016 to 2022. For 2020, the source forecasts the global smart home market to grow to around 40.9 billion U.S. dollars.
This time series represents the current and projected global bicycle market size in 2016 and 2024. In those eight years, the global bicycle market is projected to grow by approximately 17 billion U.S. dollars.
Bain predicts that by 2020 annual revenues could exceed $470B for the IoT vendors selling the hardware, software and comprehensive solutions. McKinsey estimates the total IoT market size in 2015 was up to $900M, growing to $3.7B in 2020 attaining a 32.6% CAGR.